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Shakar's Group
In this Group: Shakar , Orunbai, Turdukan
Shakar, 47, is the leader of this group. She resides in the town of Nookat, known for its agricultural products of a high quality and taste. It’s been ten years since she got involved in agriculture, following the example of most of her friends. Land feeds all residents of this town, therefore every resident is thankful for being born in a land with such rich soil and good climate. Shakar is a widow, however she has given a worthy life to all of her three kids, two of whom already have their own businesses. For ten years Shakar has been saving and gradually expanding the size of the land she owns. At this moment her piece of land is one of the largest in the neighborhood. This means that she cultivates a bigger amount of agricultural products and she needs more inputs such as water and fertilizers. The initial capital of 1500 soms used ten years ago allowed Shakar to grow only one type of product, unlike now when Shakar grows a wide variety of products. However Shakar isn’t always capable of covering all her costs, especially fertilizers. For such big land and wide range of products, Shakar needs a large amount of different types of fertilizers. With this purpose she is applying for a loan from Kiva.

--- 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
  • 82
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,779,400
    Funds lent in using Kiva
  • 45.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Shakar's Group's $275 loan helped a member to purchase fertilizers for farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jun 11, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011