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Gulbaram's Group
In this Group: Gulbaram, Gulnara, Latifa, Syinat
Gulbaram is a woman of 47, married to a farming association member. The couple raised three grown children, although two daughters still live with their parents; their elder brother is married and works to support his own family. Since 1999, the family has had a small trading business selling fruit and vegetables. In order to increase sales, Gulbaram has managed to build a real shop. Now she hopes to obtain a loan to develop her business further and increase the family income. In future Gulbaram plans to improve her living conditions.

--- 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 customers as well as society), Planet (being environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only microfinance institution 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
  • $10,023,800
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulbaram's Group's $1,200 loan helped a member to purchase more fruit and vegetables for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 17, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011