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Akylai's Group
In this Group: Akylai , Kasietkan, Sabyrbek
Akylai C., 43, is a leader of this group. She is a resident of Tashkomur. She is married and has three children, the oldest of whom is 16 years old. Akylai’s husband is employed in electrical maintenance, while her mother helps Akylai in feeding and raising cattle. The idea of raising and reselling cattle was not unique or creative, because that’s the major activity for all residents in a local area. The business was started 5 years ago with an initial capital of 4,000, and now it brings Akylai twice as much per month. Akylai gathered this group of entrepreneurs in order to purchase more cattle. The expected returns from the business can be spent on purchasing an automobile, a valuable gift for her husband.


--- 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
  • 133
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,420,675
    Funds lent in using Kiva
  • 47.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Akylai's Group's $1,075 loan helped a member to purchase cattle.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011