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Olmaskhan's Group
In this Group: Olmaskhan, Nurjamal, Jyldyz
Olmaskhan, 42, is the leader of this group. For twenty years she has been running a dairy business, distributing milk and homemade milk products to regular buyers. It took much effort and trying several different types of businesses before she focused on milk production.

For a long period of time, Olmaskhan was a farmer, gathering crops each fall. She later switched to retail, selling food products in a local market. After that, she bought cattle and made the first attempts at milk retail. The business was started with the small amount of 5,000 soms. She now makes twice that amount each month. Olmaskhan has two young kids and, not long ago, gave birth to a third child. The toddler needs care and good conditions. Olmaskhan hopes to receive her portion of the loan, which she will spend on the purchase of a baby carriage.

--- 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 (being 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
  • 92
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,742,650
    Funds lent in using Kiva
  • 45.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Olmaskhan's Group's $450 loan helped a member to purchase a baby carriage.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012