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Upol's Group
In this Group: Upol , Ainagul, Joldoshbek
Upol I., 69, is the leader of this group. She is a resident of the small village of Kochkorka and has three children, the youngest of whom is 8 years old. Her oldest son helps her in cattle breeding and in feeding and taking the cattle to the closest cattle market. Upol initiated and started the business 19 years ago with an initial capital of about 10,000 KGS. The investment was not in vain because nowadays the return is 5,000 KGS per month. The profits helped Upol purchase home appliances and increase the number of cattle. Upol applied for this loan in order to purchase additional heads of cattle. In the future, she would like to use the returns from the business to finish construction of a temporary structure.


--- 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

  • $2,500
    Average annual income
  • 90
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,746,400
    Funds lent in using Kiva
  • 47.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Upol's Group's $1,175 loan helped a member to purchase cattle.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012