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Salkynai's Group
In this Group: Salkynai , Jenishbek, Gulsara
Salkynai J., 29, is the leader of this group and a resident of the town of Nookat. Her husband is a construction worker and they have a young son and a daughter. Salkynai is busy selling groceries in a local market and remembers her start when she had only 3,000 KGS to invest. At this moment she is doubling the capital and receives a profit of about $108 monthly. The purpose of the loan is to purchase more goods and increase her working capital.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Micro-finance 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 Micro-finance 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 micro-finance 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
  • 123
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,511,900
    Funds lent in using Kiva
  • 47.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Salkynai's Group's $1,075 loan helped a member to purchase more goods to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Apr 2, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012