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Nurgul's Group
In this Group: Nurgul, Elmira, Uruipa, Duishakin
Nurgul is the leader of this group. She is 45 and, unfortunately, she is a widow. She brings up two daughters and two sons; the daughters work in a sewing workshop in Bishkek, the first son studies at university, and the second son is at school. Nurgul works as a cleaner; six years ago her parents presented her a calf, and since that time she has also been engaged in cattle breeding. At the moment she keeps four cattle, and every day she sells about 7-8 liters of milk. In this way she earns about 2000 soms per month. With the money received from the loan, she wants to purchase a calf for breeding, fattening, and further reselling. In the near future, Nurgul plans to increase the number of her cattle up to ten, and with the profits gained from reselling cattle, 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
  • 187
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,850,925
    Funds lent in using Kiva
  • 45.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurgul's Group's $1,450 loan helped a member to purchase a calf.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Sep 21, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012