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Orazkhan's Group
In this Group: Orazkhan , Jailoobek, Nurgul
According to statistics, women in Central Asia are two times less likely to open businesses than men. There are a number of reasons, like fear of risk and lack of knowledge about managing a business. However, Orazkhan is not among those people.

Orazkhan, 42, is the leader of this group. She knows that a good business should be profitable, both for her and society. Four years ago, while breeding and reselling cattle which brought only intermittent income, she decided to start another type of profitable business – a chicken farm. With an initial startup capital of 6,000 soms, Orazkhan purchased 60 productive chickens. After two months of keeping the poultry in warm and sanitized conditions, the hens reached a state of giving at least two eggs a day each. Besides distributing eggs to her neighbors at market price, Orazkhan usually has more left for her family’s consumption. The business helps her provide her family with nutritious food like chicken and diversify the menu. Throughout these four years, Orazkhan has been making 6,000 - 7,000 soms income per month, which is quite enough to help her husband and their daughter. The loan requested by Orazkhan will be invested into development of the business and buying more chickens.

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Where Did This Loan Come From?

This loan is brought to you by Mol Bulak Finance (MBF), a young and ambitious 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 micro-finance 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 the Kiva Fellows in Kyrgyzstan and 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
  • 129
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,267,075
    Funds lent in using Kiva
  • 45.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Orazkhan's Group's $800 loan helped a member to purchase chickens.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2011
Listed
Jul 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 5, 2012