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Basbubu's Group
In this Group: Basbubu , Rustambek, Duniyahan, Toktobek
Basbubu M. is the leader of this group. She is a resident of Kadamjai, a small town in the south of Kyrgyzstan. She is 45 and unfortunately she is a widow. She has raised two sons and two daughters. The first son went to work in Russia, the daughters are students and the second son is preschool age (under seven).

In order to earn money to meet her family's needs, Basbubu a year ago, with the initial investment of 15,000 soms, started to breed livestock animals. She resells them at the higher price after she has fattened them. In this way, she earns 4,000 soms per month. She applied for the loan because she needs money to increase the number of livestock. In the future, Basbubu hopes to expand her business and save money to support her children financially.

--- 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 institution 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
  • 126
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,043,475
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Basbubu's Group's $1,500 loan helped a member to purchase livestock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2011
Listed
Mar 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011