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Jumabubu's Group
In this Group: Jumabubu , Gulnara, Arsygulbek, Kuljamilya
Jumabubu O., 62, is the leader of this group. She is a resident of Karabalta, a small town near Bishkek. Unfortunately, she is a widow. She has eight children, and most of them are married and live separately with their families. In order to earn money, Jumabubu breeds livestock, and she also sells dairy products to make additional income. With the money received from the loan, she wants to purchase livestock for breeding. In the future, she wants to see her grandchildren get wed.


--- 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 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/kyrgyzstanat 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
  • 89
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,750,525
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Jumabubu's Group's $1,375 loan helped a member to purchase livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2011
Listed
Feb 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012