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Chynara's Group
In this Group: Chynara , Djanyl , Ainura , Muktarbek
Chynara A. is the leader of the group. She is 54 and married. Her spouse supports the family by working as a school teacher. The couple had brought up 2 sons who are now 29 and 27 years old. The elder son helps parents to keep their house, while the second son raises money by working at a cement factory. In 2008, after having received credit, the family bought and planted potato seeds. From their harvest profits, they bought livestock animals. By now almost all the family members are engaged in milk selling (8 liters daily). They have managed to increase their total number of farm animals. Chynara hopes to get a loan in order to purchase 1 cow and 2 sheep for fattening and to increase their stock. In the future, the family is planning to arrange their sons’ weddings.

Chynara’s partners:

Djanyl B. is 56, and married. Together with her husband, she brings up a daughter. By now she is a chief accountant in an agricultural technical school. Djanyl’s family needs to get a loan in order to buy a cow to increase her cattle stock.

Ainura A. is the treasurer of the group. She is 42 and married. Her family has 2 sons. She makes her living by selling milk (10 litres daily). Her loan purpose is to purchase 1 cow and 2 sheep to increase her cattle stock.

Muktarbek B., 48, is married. Together with his wife, he raises a daughter. He earns money by welding iron gates and other iron items. He needs to get a loan in order to purchase materials for making gates.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan.
MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF and view a Video presentation about the organization, please visit: http://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 – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF 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
  • 140
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,421,675
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Chynara's Group's $1,300 loan helped a member to purchase a cow and two sheep for breeding.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Nov 4, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011