Check out some available loans that are similar to this one!
Mairam's Group
In this Group: Mairam , Sagyn, Jakshylyk, Ainakan
Mairam O., a 45-year-old resident of the village of Kochkorka, is married and the mother of four children. Like many other women, five years ago Mairam lost her job and was left with almost no funds for raising her children. She recalls with horror how she had to buy cheap goods in a market and resell them right away at slightly higher prices, earning very little after each long day of work.



But Mairam always had hope for better times. And better times finally came.



Soon Mairam drew upon her inner resources and started a small business retailing cattle supplies. Her valuable experience helped her create ropes, strings and cords for easier and more convenient handling of cattle. Now, several times a week Mairam goes to the neighboring villages offering her ropes to the residents. Since most are cattle breeders, they find Mairam’s products very useful. Her customers say that Mairam’s hand-made ropes are of a much higher quality than those in the market.



Mairam’s oldest son is now 20 years old and helps the family financially by working in a nearby gas station. Mairam is ambitious to promote new ideas and products. She requests a loan from Kiva for purchasing personal needs for her children.



--- 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
  • 129
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,258,400
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mairam's Group's $1,275 loan helped a member personal use.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2011
Listed
Feb 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2012