Damira Kolchebaeva's Group

Some people make an early choice of their career, become steadfast and pursue this path. They know what they are going to do to earn their livelihood. The group's leader, Damira, is among them. A 36-year-old hairdresser and mother of three children, Damira has dedicated many years to her occupation. She was just a 16-year-old girl when she finished hairdressing courses. She swiftly learned all aspects of her profession, providing all kinds of hair-related services: various haircuts, hair dyeing styles, hair setting, and hairdos (e.g., waved, curled, perm, marcel waves, etc.). She has become an A1 specialist. She has assigned a room and adjusted it to be a hairdressing salon. By saving her profits, she recently purchased a car. Damira feels that she can do better and that she is just not using all the opportunities. So, she has planned to make an improvement at her salon. She is firmly convinced that if she furnishes and decorates her salon, more customers will be attracted. Damira needs a loan to equip her salon with shelves and wallpaper. In the near future, she is going to expand her business by taking on a few apprentices. People do grow when they have a vision of how to do that.

Damira’s partners:

Gulzina, age 44 and mother of two children, works as a cleaner at a casino. She needs a loan to buy building materials for her kitchen and to buy a chandelier.

Jumabu is age 56. She and her husband are farmers. They have three children. They need a loan to buy fuels and lubricants, as well as to pay for transportation services and to pay workers for harvesting.

Edilbek, age 35, is married and has one child. He works as an assistant station-master in "Tuz" substation. He needs a loan to place a crusher at the same substation and to buy some cement for installing it.

Aida, age 38, is a housewife. She sells milk and also produces cheese and butter. She needs a loan to buy a milk cow.

Nazgul, age 38, is married. She has three children. To make a living she sells yogurt, sour cream and cottage cheese. She hopes to get a loan to buy a milk cow.

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 a 3-Ps concept: People (building human capital and taking care of its customers and 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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