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Zuura's Group
In this Group: Zuura , Aisalkyn, Kerez, Venera, Tokto
Zuura J., 59, is a leader of this group. Her whole life was spent in a hometown of Balykchy, which is translated from Kyrgyz language as “fisherman”. The town used to be a major industrial and transportation center, but most of its activities stopped after the collapse of the Soviet Union. Zuura is one of 40 000 people, who stayed in a town regardless of the difficult economic times. Zuura pursued a major in medicine and has been curing people for a major portion of her life. She works in a diagnostic center of a local hospital, and gets paid 2,000 soms monthly, and receives additional help of 2,700 from social fund. Zuura lives with her husband and a 13 year old son. She applied for this loan to help push forward her husband’s business. It was started six years ago, when her husband invested all his return from driving a cab in acquisition of raw material for his new business. Zuura’s husband is very handy and makes various types of furniture, household appliances and trailers for trucks. Business is well-advanced now and the family already opened its own workshop. It made her husband’s work more comfortable and effective. The proceeded return of 8 000 soms unfortunately is not enough to accomplish all orders that he is receiving now. Therefore Zuura asks for a loan in order to purchase raw materials such as ironmongery, pipes, plywood and planks.

--- 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
  • 142
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,420,675
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Zuura's Group's $1,925 loan helped a member to purchase raw materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Mar 5, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011