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Saltanat's Group
In this Group: Saltanat, Olga, Temir
Saltanat is a young leader of this group. She is 24 and married to a barman. Together they bring up a newly born child.

Two years ago, Saltanat’s husband received a livestock inheritance from his parents. In order to contribute additional money to the family budget, Saltanat breeds and resells livestock at the higher price. She started livestock breeding two years ago and during this period her business was successful. She earns 1500 soms per month. Saltanat decided to apply for the loan because she needs additional funds in order to increase her number of livestock. With money received from the loan she wants to purchase an additional four animals for breeding. In the future, this young woman wishes to purchase a house in Bishkek (capital of Kyrgyzstan).

--- 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
  • 156
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,555,225
    Funds lent in using Kiva
  • 45.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Saltanat's Group's $1,050 loan helped a member to purchase four livestock animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 31, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012