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Ryskan's Group
In this Group: Ryskan, Akylbek, Meerim
Ryskan is the leader of this group. She is 25 and married to a farmer. Together with her husband, she brings up a daughter and a son. Both children are preschool age (under seven). Ten years ago, Ryskan sold vegetables which were grown in her garden. She saved 5,000 soms and with that money she purchased cattle for breeding. In order to earn money to meet the family needs, Ryskan breeds cattle for resale at a higher price. With money from this loan, she wants to purchase a calf for breeding. In the future, Ryskan wants to save money to purchase a vehicle.

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Where Did This Loan Come From?

This loan is brought to you by Mol Bulak Finance (MBF), a young and ambitious 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 micro-finance 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 the Kiva Fellows in Kyrgyzstan and 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
  • 211
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,816,150
    Funds lent in using Kiva
  • 45.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Ryskan's Group's $1,100 loan helped a member to purchase a calf.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012