Check out other loans that are currently fundraising!
Erkingul's Group
In this Group: Erkingul , Ulan, Kunduz
Erkingul J., 45, is a leader of this group. As Kyrgyzstan is in the heart of the historically know Silk Road, the master of eastern trade techniques are still left in Kyrgyz blood. Erkingul is a resident of the town of Tup and has three children. Her oldest son is employed in neighboring Kazakhstan, while the other two children are busy with their studies.

In 2006 Erkingul took a loan in a local bank and opened her own retail shop. The secret of her success is that she is very sensitive to customers’ tastes and expectations. She almost never has leftover goods. Her monthly profit has reached 10 000 soms. Erkingul applied for this loan because she needs to stock her retail shop with large amounts of goods such as beverages. In the future she hopes to increase the goods circulation to 200 000 soms and to assist her son in purchasing a house.


--- 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
  • 219
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,814,975
    Funds lent in using Kiva
  • 47.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Erkingul's Group's $1,175 loan helped a member to purchase convenience goods.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011