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Gulnaz's Group
In this Group: Gulnaz , Aizanat, Almagul, Guliza
Gulnaz A., the 33-year-old leader of this group, resides in Balykchi, a small town of 41,500 people by Lake Issyk Kul. It is the place where Gulnaz and her husband grew up, married and established a family of three children. In 11 years of marriage, the family has made several attempts at starting a business, all in vain until eight years ago when they found the means to open a salon to provide computer services.



In a small town many residents don’t have access to either the Internet or a personal computer. The salon has become a very reliable means of communication with the outside world, and Gulnaz’s customers include youth who come to enjoy computer games or social networks and adults who use e-mail and office supplies.



The business was started with capital of 60,000 soms to purchase six computers. Gulnaz has since improved arrangements in the salon and expanded the business, resulting in a monthly income of 30,000 soms which has allowed her to purchase a long-waited apartment. Gulnaz’s portion of this loan will be used to buy necessary parts for the computers and a central processing unit.



--- 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
  • 125
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,267,075
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulnaz's Group's $1,425 loan helped a member to purchase a computer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011