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Bakbu's Group
In this Group: Bakbu , Nurmamat, Kelsinbu, Sanabar
Bakbu N. is the leader of this group. She is a resident of Tashkomu, a small town in the south of Kyrgyzstan. She is 48 and married. Her husband earns money by providing welding services. Bakbu has five children, two of them are in school.

In order to earn money to cover family expenses she sews Kyrgyz national blankets, pillows and carpets. She has been doing it for five years. Her monthly profit is 8,000 soms. Bakbu applied for the loan because she needs money to purchase fabrics and materials needed for sewing.

--- 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

  • $2,500
    Average annual income
  • 172
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,536,875
    Funds lent in using Kiva
  • 47.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Bakbu's Group's $1,550 loan helped a member to purchase fabrics and materials needed for sewing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011