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Shaiymbubu's Group
In this Group: Shaiymbubu, Begaiym, Tolonbek, Nurgul
Shaiymbubu is the leader of this group. She is 58 and, unfortunately, she is a widow. She has raised two daughters and a son; the first daughter works as a confectioner, the second daughter is a teacher and the son is a constructor. In order to earn money to meet daily needs, Shaiymbubu Kyrgyz sews national carpets, cloth and dressmaking supplies. She started this activity 10 years ago with an initial investment of 1,000 soms, and, at the moment, her monthly profit from this activity is 5,000 soms. This profit made her able to save money for purchasing an apartment in Balykchi for her daughter.

Shaiymbubu applied for the loan because she needs financial funds to purchase raw materials, which are needed for sewing. In the future, with the profits gained from the business, she wants to save money to purchase a vehicle for her 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 "P" 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
  • 82
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,773,100
    Funds lent in using Kiva
  • 44.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Shaiymbubu's Group's $1,575 loan helped a member to purchase raw materials for sewing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Aug 28, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012