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Nazgul's Group
In this Group: Nazgul , Kanat, Buava
Nazgul, 32, leads this group. For the last 12 years, she has lived in a town called Nookat with her husband Bakytbek, a construction worker. They have three children, all of whom go to school. For the last five years, the couple has run a farm where they grow a range of products, including tobacco, potatoes and corn. Their local brand of tobacco is well-known across Central Asia, and most of it is sold to large tobacco-producing companies. The family started its farming operation five years ago with an investment of 4,000 soms but has steadily reinvested profits to buy more land and make major improvements to its home. Nazgul is very grateful for the help she receives from Kiva lenders and will use this loan to buy fertilizer.

--- 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
  • 143
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,020,325
    Funds lent in using Kiva
  • 45.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nazgul's Group's $1,125 loan helped a member to buy fertilizer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
Jun 11, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012