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Alymkan's Group
In this Group: Alymkan, Ainagul, Uulkan
Alymkan, 50, is the treasurer of this group. She resides with her husband and two sons in Tyup, a northern lake town. The business story of this entrepreneur started seven years ago; however, she’s been a part of the farming community for quite a long period of time. Both older and younger generations of Alymkan’s family used to be respected farmers, but Alymkan was the first to turn the family activity into a successful business.

Every fall she sells all the crops she gathered, and throughout the rest of the year she sells food and agricultural products at the market. Alymkan’s achievements include the construction of a family house and the purchase of an automobile. Throughout these seven years, the business yields up to 10,000 soms per month. The start up capital is 50,000 soms.

Alymkan plans to continue work at the retail food market until the fall season, when she’ll be able to sell her own crops. Therefore, she would like to make a wholesale purchase of garlic and currants for future retail sale. Her wish for the nearest future is to get enough revenue in order to organize a wedding ceremony for her older son.


--- 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

  • $2,500
    Average annual income
  • 85
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,751,450
    Funds lent in using Kiva
  • 44.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Alymkan's Group's $975 loan helped a member to purchase garlic and currants for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012