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Aigul's Group
In this Group: Aigul, Meliskan, Erlan
Aigul is the leader of this group. She is 41 and married to a security guard. Together with her husband she is bringing up a daughter and two sons. The first son helps his mom in running their business, and the younger son and the daughter study at school. Two years ago with an initial investment of 10,000 soms, Aigul purchased candies, cookies and macaroni for resale. Since that time she has been selling household products and at the moment her monthly profit is about 4000 soms.

She is applying for the loan because she needs additional funds to increase the commodity turnover of her business. With money received from the loan Aigul will purchase cookies, beverages and detergents. In the future she dreams of expanding her business and opening her own grocery store.

--- 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
  • 137
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,026,375
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Aigul's Group's $1,125 loan helped a member to purchase beverages, detergents and cookies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 5, 2012