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Erkinbu's Group
In this Group: Erkinbu, Gulumkan, Symbatkan
Erkinbu is a member of this group. She is 60 years old and is married to a man who works as a mechanic. Together with her husband, she has raised two daughters and a son. Her son and the older daughter work in Bishkek, and her younger daughter is studying at a university.

Six years ago, with an initial investment of 5000 soms, Erkinbu started a business selling foodstuff. At the moment, she earns about 5000 soms per month. She has applied for this loan because she needs additional funds to purchase more foodstuff. In the future, with the profits gained from the business, she wants to repair her house.

--- 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
  • 135
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,026,375
    Funds lent in using Kiva
  • 44.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Erkinbu's Group's $1,075 loan helped a member to buy foodstuff to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012