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Kanyshai's Group
In this Group: Kanyshai , Arzykan, Atyrkul, Lena
Kanyshai, 49, is the treasurer of this group. Due to a terrible accident that happened to her husband, who later became disabled, Kanyshai became the main breadwinner of the family. She has been sewing national clothing and selling traditional home appliances for 15 years. With the help of her 17-year-old daughter she manages to attract additional income to the family budget by cattle breeding and reselling. At the moment, her monthly income is 3,000 soms, which helps towards the construction of her house. Her initial investment in the business was 10,000 soms. Her requested loan will be invested in the business by purchasing raw materials for sewing.


Where did this loan come from?

This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan. Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of the 3-Ps concept: People (building human capital and taking care of its customers and society as well), Profit (to be profitable in order to grow further), and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about Mol Bulak and view a video presentation about the organization, please visit: 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 – at www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak 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
  • $10,761,025
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kanyshai's Group's $1,275 loan helped a member to purchase fabrics and materials.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Jul 8, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012