Anara Musabaeva's Group

The group’s leader, Anara, is a 41-year-old widow, who works as a saleswoman in her own store. Some friends of hers suggested opening a store and thus she entered the challenging world of business. Now, she successfully provides for her family by selling day-to-day goods. Her eldest daughter is married and two other sons still study at school. After school, her sons eagerly help their mother to substitute for the absence of their father. During four years of running a store, she has helped her daughter get married and has bought a flat. Investing a little more than $300, she now has a monthly income of about $700! Anara is seeking a loan to purchase large quantities of sugar, rice and cereal. With the money gained from selling these, she plans to pay her daughter’s dowry. In the near future, she is keen to start building a new café “Bistro” next to her store. She also wants to buy a new kitchen dresser.

Erkinbek, Ryskul and Atyrkul are members of Anara’s group. Erkinbek is 39. To provide for his family, he sells strawberries from his own vegetable garden and also resells clover. He is able to deliver the clover thanks to a friend, who has a truck to transport it. Erbinek has to work hard, since his wife is expecting another baby! Erkinbek is in need of a loan to purchase more clover.

Ryskul is forty. She owns a shop, where she sells a wide range of convenience goods such as stationery, foodstuffs, detergent and vegetables. She needs a loan to purchase more goods for her store to enrich the assortment. With the profits she expects, she would like to buy a new bedroom suite.

Atyrkul, 43, is married. She has two daughters. Once, her relatives suggested opening a pavilion for selling foodstuffs. Within three years, Atyrkul has increased her profits and has bought lots of domestic goods for her house. Now, Atyrkul needs a loan to purchase sugar, cereal and macaroni. After reselling these items, she hopes to earn enough to pay for her daughter’s college education.


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--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance, a young and ambitious socially-focused MFI in Kyrgyzstan.

Mol Bulak Finance is strongly committed to the principles of sustainable development on the basis of 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable to grow further) and the Planet (taking care of the environment). It is also the only MFI in Kyrgyzstan who delivers its services to customers 365 days a year. To learn more about Mol Bulak 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 micro-finance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan - at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and Mol Bulak staff.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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