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Katchakhan's Group
In this Group: Katchakhan , Sanavar, Munargul, Gulnara
Katchakhan J., 57, is the leader of this group. She followed an example of many generations of women in her family and built a big family. Katchakhan is the mother of six children, the youngest of whom is twenty. She is very proud of this fact and considers it the most important accomplishment in her long life.

Katchakhan and her spouse, a journalist in a local editing house “Uzgen Nuru” (“The Ray of Uzgen”), live on their own in the small sunny town of Uzgen, in the Southern Kyrgyzstan. While her husband is busy writing and editing articles, Katchakhan takes care of a big herd of livestock, which she started breeding right after marriage thirty-two years ago.

An initial capital of 15 000 soms plus Katchakhan’s physical labor and affordable costs helped to advance the business, so that it generates 5 000 soms monthly. She motivated and organized this group of creative entrepreneurs and plans to spend her portion of the loan on buying six head of sheep for further breeding and reselling.

--- 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
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Katchakhan's Group's $1,600 loan helped a member to purchase sheep.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012