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Sultanbek's Group
In this Group: Sultanbek, Gulmira, Aitulkul
Sultanbek, 54, is a member of this group. Together with his wife, he brings up four children: two daughters and two sons. The first daughter studies at university, the older son works for the police and the other children are at school. In order to earn money, Sultanbek works as a driver. He also makes additional money by reselling livestock. The profits gained from the business helped him to give the children a good education. This year Sultanbek’s younger son graduates from school and Sultanbek needs some additional financial funds to pay for his son’s tuition at the Police Academy. For this purpose, he applied for the loan. He hopes that the loan will help him to realize the plans. Sultanbek will be thankful for all the lenders who support his group.

--- 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
  • 227
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,805,850
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sultanbek's Group's $900 loan helped a member to pay for his son's tuition at Police Academy.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2011
Listed
Jun 18, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011