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Omurgul's Group
In this Group: Omurgul, Adalatkhan, Shakarhan
Omurgul is the treasurer of this group. She is 29 and, together with her husband, she brings up four sons. The two older sons study at school and the other sons are of preschool age. Her husband earns money by transporting passengers and Omurgul sells dairy products. She started this business nine years ago with an initial investment of 17000 soms. Currently her monthly profit is 12000 soms. With the profits, Omurgul has built a sauna and a kiosk. With the loan she wants to purchase more cattle for breeding. In the future she wants to provide her children with a good education.

--- 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
  • 189
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,866,125
    Funds lent in using Kiva
  • 45.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Omurgul's Group's $900 loan helped a member to purchase cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012