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Tolgonai's Group
In this Group: Tolgonai , Patma, Gulnara, Nurjamal
Tolgonai G. is the leader of this group. She is 39 and married. Her husband works in construction and earns 5,000 soms per month. Together they are bringing up a son and three daughters. The son works in Bishkek in a sewing workshop, two daughters work in Kazakhstan and the third daughter is at school.

Three years ago, with the initial investment of 10,000 soms, Tolgonai started to breed livestock animals. Selling some animals after fattening, she makes 2,000 soms per month. With money received from the loan, she wants to purchase farm animals in order to resell them at a higher price after fattening.

In the near future, Tolgonai wants to start repairing her house and purchase household appliances in order to improve her living conditions.

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--- 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 the 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 micro-finance 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
  • 157
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,020,325
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tolgonai's Group's $1,075 loan helped a member to purchase farm animals.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011