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Jibek's Group
In this Group: Jibek, Gulaiym, Kanybek, Uzak
Jibek is the leader of this group. She is 56 and, unfortunately, a widow. Nine years ago, with an initial investment of 1,000 KGS, Jibek started to breed livestock. She resells the livestock after fattening, earning about 3,000 KGS per month to meet her daily needs. She has raised a son who helps her in running this business.

At the moment Jibek plans to start taking orders for sewing Kyrgyz national clothing, blankets and pillows. With money received from this loan, she wants to purchase wool, fabrics and materials. In the future, Jibek plans to open a private sewing workshop.

--- 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
  • 186
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,842,000
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Jibek's Group's $1,550 loan helped a member to purchase wool, fabrics and materials.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012