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Damira's Group
In this Group: Damira , Kenjekan, Gulnara
Damira, 43, is the leader of this group. She is married and has three children, the youngest of whom is 15. Damira is an accountant and her husband is a security officer in the same company. The monthly income for the family is 6,000 soms. Damira’s husband is looking forward to starting to drive a cab in his free time from work. In order to do this, he has found a suitable automobile in good condition; however, the price isn’t affordable for the family.

Damira was in despair, until her oldest son, who is employed in the banking sector, suggested that she learn about the project Kiva. With much excitement, Damira learnt about all the conditions of the loan and applied for the loan through Kiva’s field partner in Kyrgyzstan, Mol Bulak Finance. Damira has high hopes of financial assistance from lenders, because it would help her in a big way in the purchase of an automobile.

--- 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
  • 186
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,842,000
    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 $475 loan helped a member to purchase a car to use as a taxi.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Jul 8, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011