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Chabagan's Group
In this Group: Chabagan , Janyl, Kulzada
Chabagan K. is 50 years old and a leader of this group. She is a resident of Tokmok. For many years, Chabagan taught Russian language and literature in a local high school. Her husband is a coach in the same high school. Twelve years ago following the advice of her relatives, Chabagan purchased cattle and gave them to her younger brother for care. The initial investment was 10,000 soms with a monthly revenue of 1,000 soms. Chabagan says it is enough for every day purchases. She is requesting a loan, which she will use to purchase two calves for fattening and reselling. She hopes to have a big household 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

  • $2,100
    Average annual income
  • 197
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,768,725
    Funds lent in using Kiva
  • 46.6
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Chabagan's Group's $1,200 loan helped a member to purchase calves.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
May 10, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011