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Tursunoi's Group
In this Group: Tursunoi , Mukadammhon, Muhabbathan, Zohrohon
The Southern part of Kyrgyzstan is proud to have rich land for cultivating many crops. Agriculture is so important in the economy of the country that even the national emblem displays wheat and cotton, known as “white gold”. Along with wheat and cotton, other cultivations are being developed such as vegetables, fruits, and grains.

Tursunoi N., 53, is the leader of this group. She has been active in farming for fourteen years. At this moment she’s getting ready to prepare land to plant potato seeds. Tursunoi started the farming business fourteen years ago with wheat cultivation on land that she possessed after the privatization. She invested 890 soms into her business start-up, which was a rather significant amount at that time. Now she earns an income of 3900 soms every month. She hopes to obtain this loan to purchase fertilizers and potato seeds. Tursunoi’s sons are in Russia at this moment, and promise to assist her financially so that she will be able to repay this loan.


--- 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
  • 188
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,850,925
    Funds lent in using Kiva
  • 47.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tursunoi's Group's $1,500 loan helped a member to purchase fertilizers and potato seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2012