Suyunbubu Asankulova's Group

Suyunbubu, the leader of this group, is 51 years old. She has raised four children, two sons and two daughters. All her children have already started adult life and earn their own livelihoods. Her eldest son works in Russia doing odd jobs at a construction site. Her eldest daughter works as a seamstress in Alamedin market in the capital. Her second son is an excavator, and her youngest daughter is a college student at the Humanities University in the capital.

Suyunbubu prefers to be independent from her children and earns her living by manufacturing curtains and tailoring. This business, which she has been working at for 20 years, makes her a humble income of $120 USD a month. Suyunbubu has also taught her daughters how to sew. With their help, Suyunbubu manages to get her work done faster. She has her own sewing machine and does all her work at home. However, she is in need of a new sewing machine as her current one has become old and inconvenient. She also needs to purchase some accessories for the sewing machine. Therefore Suyunbubu is requesting a loan to help her make these purchases and thus save valuable time. In the future, Suyunbubu hopes to marry her sons and daughters, and help her youngest daughter complete her college education.

Suyunbubu’s partners are Shailoobai, Akmoor and Akmolmol. Shailoobai, 30, is married and has a cute five-month-old daughter. He provides for his family by raising livestock. He needs a loan to buy one sheep and three goats.

Akmoor, 33, is a mother of three children. She raises livestock and sells some of her cattle at market when needed. Akmoor needs a loan to buy five or six goats for breeding.

For the last ten years, Akmolmol, 36, has been providing for her four children by raising cattle and selling milk. As the children grow, she needs to increase her income to meet their growing needs. She hopes to get a loan and buy a calf.

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 the 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 that delivers its services to customers 365 days a year. To learn more about Mol Bulak and to 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, 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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