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Bukon's Group
In this Group: Bukon , Saltanat, Kulanbubu, Kalya
Bukon N. is a widow. She has reared and provided for her only daughter by herself. The daughter is 12 years old and a 6th grade schoolgirl; nevertheless, she helps her mother run the business. The family raises money by selling foodstuffs in their shop nearby. Total earnings make it possible meet their daily requirements.

In order to improve her family's well-being, Bukon is planning to increase goods circulation and vary the shop assortment (noodles, tea, drinks and cigarettes). For this purpose she hopes to get a loan.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Micro-finance 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 Micro-finance 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 micro-finance 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
  • 121
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,267,075
    Funds lent in using Kiva
  • 47.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Bukon's Group's $1,600 loan helped a member to purchase convenience goods for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2010
Listed
Dec 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2011