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Irailakan's Group
In this Group: Irailakan , Chyntemir, Aichurek
Irailakan T., age 55, is the leader of this group. She has earned a living by offering convenience goods for sale for the past 34 years. Her monthly profit is 3,000 soms. She hopes to obtain this loan in order to purchase more goods so that she can increase the turnover of her business. With part of the loan, she will purchase fertilizers and seeds for farming. In the future, she wants to improve the family’s living conditions.

Irailakan lives with her husband and family in Uzgen, a beautiful and ancient town in the south of Kyrgyzstan. Her husband is retired and receives a monthly pension in amount of 2,500 soms. Together they have raised seven children: the youngest son is 15.

--- 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
  • 92
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,742,650
    Funds lent in using Kiva
  • 47.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Irailakan's Group's $850 loan helped a member to purchase convenience goods to offer for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Apr 2, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012