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Aigul's Group
In this Group: Aigul, Bermet, Adyl
Aigul is the leader of this group. She is 37 and married to a welder. Together they bring up a daughter, who is 13 and studies at school. Two years ago, with an initial investment of 5000 soms, Aigul purchased socks and started to sell in the Dordoi market (Dordoi is one of the biggest markets in Central Asia). In this way, she earns 8,000 soms per month. This profit made it possible to improve the family’s living conditions. With money received from this loan, Aigul wants to purchase a variety of clothes for resale. In the future she wishes to expand her business and provide her daughter with a good education.

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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
  • 243
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,814,975
    Funds lent in using Kiva
  • 45.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Aigul's Group's $1,200 loan helped a member to purchase clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011