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Elmira's Group
In this Group: Elmira , Altyn, Bakir, Sagyn
Elmira A., who is a resident of Tokmok, is the leader of this four-member group loan. A 39-year-old widow, Elmira has two sons, one in school and the other yet too young to attend.



A year ago, with an initial investment of 10000 soms, Elmira started to take orders and sew Kyrgyz national blankets. Doing this, she makes 8000 soms per month, profits that have made possible the purchase of furniture and improvement of the living conditions. She hopes to obtain the loan because she needs money to purchase fabrics and materials for sewing. In the near future, Elmira plans to purchase a washing machine.



--- 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
  • 210
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,707,750
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Elmira's Group's $1,500 loan helped a member to purchase fabrics and materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Nov 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011