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Jumabubu's Group
In this Group: Jumabubu, Toktobubu, Aida
Jumabubu, 50, is the leader of this group. She is a resident of Kant, a small town near Bishkek (capital of Kyrgyzstan). She and her husband have raised three daughters. The oldest daughter works in a sewing workshop, the second in a café, and the youngest daughter studies at school.

Five years ago Jumabubu got a loan of 30,000 soms. She spent it on purchasing cattle. Since then she has been breeding cattle and reselling it after fattening. In this way she earns 15,000 soms per month. This profit made it possible for her to improve her living conditions and repay that loan successfully. At the moment, Jumabubu needs additional funds to increase the number of cattle. With money received from the loan, she wants to purchase a bull-calf for breeding. In the future, Jumabubu wants to see all her daughters get married.

--- 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
  • 160
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,457,400
    Funds lent in using Kiva
  • 45.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Jumabubu's Group's $800 loan helped a member to purchase a calf.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011