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Artykul's Group
In this Group: Artykul, Aida, Nurjan
Artykul is the leader of this group. She is 53 and married to a driver. Together with her husband, she has raised four children. Three of the children are married and live separately with their families. The youngest daughter, 18, just graduated from school and is going to enter the university. In order to earn money to meet the family needs, Artykul breeds livestock animals and then resells them at a higher price. In this way, she earns an additional 2,000 soms per month. With money received from the loan, she wants to purchase two more farm animals for breeding. In the near future, Artykul wants her daughter to enter a good university.

--- 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
  • 207
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,805,850
    Funds lent in using Kiva
  • 45.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Artykul's Group's $1,125 loan helped a member to purchase farm animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011