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Nargiza's Group
In this Group: Nargiza , Gulumkan , Abduvohop , Ainura
Nargiza S. is the leader of the group. She is 31, married. Together with her husband, who makes his livelihood by working as a private builder, grows up 3 children, all of them are school pupils. The main source of family incoming gets out of trading: the family sells fruits and vegetables by retail. This business has been started 19 years ago after allotment. Out of profits they have managed to build a house and to obtain a milk cow. Further plans include obtaining cattle for further fattening and breeding, for this purpose the family hopes to get a loan. In future they want to finish house building, then to give children proper education and to develop the business.

Nargiza’s partners:

Gulumkan T. is the treasurer of the group. She is 31 and married. Her family has 3 daughters. The family currently cultivates corn and cotton-plants. This year, the ground is being prepared for sowing wheat. The loan purpose is to obtain the necessary equipment for ploughing and fertilizing the ground.

Abduvohop M., 42, is married. His family has 4 children. The family is engaged in trading. They retail in food items and also breed cattle. The loan purpose is to increase the cattle stock and to enlarge the retail goods assortment.

Ainura I., 23, is married. She and her husband have a daughter. The family is engaged in farming clover, corn and cotton. The loan purpose is to purchase a TV set.

--- 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
  • 134
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,264,125
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nargiza's Group's $1,100 loan helped a member to purchase cattle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2010
Listed
Nov 9, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011