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Kurmanbubu's Group
In this Group: Kurmanbubu , Mairamkul, Mairambubu, Shaiyr
Kurmanbubu A. is the leader of this group. She is a resident of Kochkor, a small town in Isykul region. Kurmanbubu is 56 and married. She has four sons and a daughter. All of them are married and live separately with their families. The sons work in construction and the daughter works at the airport. Twenty years ago, with the initial investment of 3,000 soms, Kurmanbubu started to take orders and sew Kyrgyz national blankets, cloth and dressmaking supplies. In this way, she earns 10,000 soms per month. Kurmanbubu applied for a loan because she needs money to purchase wool and paint for sewing. In the future, she wants to expand her business and start building a house for her children.

--- 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
  • 123
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,258,400
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kurmanbubu's Group's $1,300 loan helped a member to purchase paint and wool.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011