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Askarbek's Group
In this Group: Askarbek , Jyldyzkan, Zarema , Gulnara, Gulzat
Askarbek M., 52, is a member of this group. He is married and has three children: two sons and a daughter. The daughter is a student, the first son is a driver and the second earns money by repairing mobile phones. Askarbek’s wife provides sewing services. She takes orders and sews Kyrgyz national blankets, pillows, cloth and dressmaking supplies. In order to contribute money to family budget, Askarbek works as a driver and earns 200 soms a day. The family also cultivates agricultural products. With money received from the loan, Aslarbek wants to purchase lucerne seeds; for this purpose he applied for the loan. In the future, he wants to see his daughter get wed.


--- 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
  • 187
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,850,925
    Funds lent in using Kiva
  • 46.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Askarbek's Group's $1,800 loan helped a member to purchase lucerne seeds.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
May 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2012