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Damira's Group
In this Group: Damira , Avad, Uljan, Shairkul
Damira, 29, is the treasurer of this group. She chose to get involved in trading vegetables and fruits, and became quite successful despite the fact that she was younger than most of her colleagues. She has her own ideas of running and promoting the business.

When in season, she purchases strawberries wholesale from her parents who grow them in a village called Kun Tuu, and she resells them to local grocery stores and bazaars. Gradually she added other vegetables like cucumbers, tomatoes and cabbage to her assortment. She calls it a family business because when her husband is free from his main job as a security officer, he provides the transportation for the goods. At present she has 2,500 soms in circulation and is requesting a loan in order to buy more berries and vegetables.

--- 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
  • 215
    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 Damira's Group's $1,175 loan helped a member to purchase more fruits and vegetables for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011