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Gulsaara's Group
In this Group: Gulsaara , Almazbek, Satimbubu, Burulkan
Gulsaara S., the treasurer of this group, is 39 and lives in Tashkomur – a small mining town in the south of Kyrgyzstan. Unfortunately, she is a widow and has two daughters, both of whom study at school.



In order to earn money, Gulsaara takes orders and sews and sells Kyrgyz national blankets, cloth and dressmaking supplies. She is also engaged in livestock breeding; reselling livestock animals after fattening them, she earns an additional 1500 soms per month. With money received from the loan, Gulsaara wants to purchase more livestock, and dreams of building a big house for her daughters in the future.



--- 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
  • 82
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,779,400
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulsaara's Group's $1,600 loan helped a member to purchase livestock.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 25, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011