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Dinara Musaeva's Group
In this Group: Dinara , Nurbubu , Altynbek , Cholpon
The microfinance industry in Kyrgyzstan was developed in order to overcome poverty, raise the level of employment and promote the development of small businesses in Kyrgyzstan. It started functioning 15 years ago and is still successful today. The loans have helped thousands of families all over Kyrgyzstan.

Dinara M., 44, is the leader of this group from the village of Kochkor. Dinara is an experienced businesswoman since she has been involved in the cattle business for almost 16 years. A proud mother of four children, she hopes to provide a bright future for them. Her children are already college students and able to direct their lives by themselves. Dinara has applied for a loan to invest money in cattle raising. She plans to organize beautiful wedding ceremonies for her children, own good land and purchase a new car.

Nurbubu C., 41, is married. She works as a seamstress and will use her loan to purchase cattle. In future, she plans to purchase a car and open her own clothing workshop.

Altynbek A., 25, is married. He is a farmer and has applied for a loan in order to purchase additional cattle. He hopes to have a new house in the future.

Cholpon A., 49, is married and owns a small grocery shop. The purpose of her loan is to increase her number of cattle. She would like to broaden her business in the future.


Where did this loan come from?

This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan. Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept: People (building human capital and taking care of its customers and society as well), Profit (to be profitable in order to grow further), and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: www.kiva.org/about/aboutPartner?id=135.

If you would like to support and learn more about Kyrgyzstan and microfinance in Central Asia, please join our Lending Team – Supporters of Kyrgyzstan – at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kyrgyzstan

  • $2,100
    Average annual income
  • 135
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,264,125
    Funds lent in using Kiva
  • 46.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Dinara Musaeva's Group's $1,300 loan helped a member to purchase cattle.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2010
Listed
Nov 2, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011