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Gulnara's Group
In this Group: Gulnara, Gulbara, Mirlan
Gulnara, 54, is the leader of this group. She is a resident of the small village of Bokonbaevo. Gulnara is a mother of two kids who are in middle school. She has been raising and reselling cattle for 15 years now and very often sends cattle to the highlands in summer. The whole summer, a hired shepherd looks after the cattle carefully. Her initial investment was about 20 000 soms. Gulnara asks for a loan that will be used for the payment of a shepherd's services. “Investment in business will hopefully generate more profit that I would like to spend on finishing the construction of my house”, Gulnara says.

--- 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
  • 206
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,713,625
    Funds lent in using Kiva
  • 45.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulnara's Group's $1,125 loan helped a member to pay for a shepherd's services.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012