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Kanykei's Group
In this Group: Kanykei , Ainakan, Bolotbek, Nelli, Gulzat
In contemporary Kyrgyzstan, grocery stores, supermarkets and bazaars are mostly accessible in main cities and towns. In small villages and other centers of population, one can get consumer goods only from small shops, which every village has.

Kanykei M., 26, is a member of this group. A year ago she spent her savings on building a small shop for consumer goods by her house in a small town of Toktogul. Every week she buys goods wholesale and sells them to the local population. The starting capital of 20,000 KGS was taken from the salary of her husband, who is a cab driver. Now Kanykei makes 5,000 KGS monthly, but because of the constantly rising costs of groceries, transportation and taxes, Kanykei is not succeeding in covering her costs.

She is applying for a loan in order to cover all her expenses and broaden the assortment in her shop.

--- 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
  • 134
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,264,125
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kanykei's Group's $1,925 loan helped a member to purchase goods for her shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2010
Listed
Jan 14, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011