Elmira Akeeva's Group

Elmira earns her family's living by selling clothes. She has quite an unusual way of selling. She brings clothes from Turkey and, instead of selling them in a clothing store, she prefers to go around various companies offering to sell clothes. Not so long ago, Elmira used to sell bedding and underwear, but after looking at her friend's business, she decided to switch to clothes. This did increase her monthly income. Now it is around $165. Elmira needs a loan to purchase clothes for the fall season. She is planning to start saving money to buy a house. One of her dreams is to have her own clothing store.

Elmira is 44. Her family consists of four people. Having mothered two sons, she has raised them alone, being a widow. Her eldest son is 23. He is married and works in a micro credit company. His wife stays at home and takes care of the kitchen. This saves Elmira valuable time to do her job at the market. Her second son is temporarily unemployed. However, he often helps his mother carry and display the goods.

Elmira is the leader of this group and has the very radiant smile. Elmira's partners are Ainura, Venera and Elchibek. Ainura, 39, is divorced. She has one son, a school student. She works in a state agency with the government. She wants to obtain a loan to buy a washing machine – a purchase that she has been planning for a long time. In the future, Ainura plans to open her own news agency.

Venera, 36, is a widow. She has two sons; both are school students. She works in a financial institution. In addition, she sells clothes. She does not sell them herself; instead, she hires a salesman. Venera needs a loan to purchase clothes to expand her assortment of goods.

Elchibek, 36, is married. He has one son and two daughters. Together with his wife, they sell clothes at the market. They used to have a cow, and after selling it, they invested all the money in clothes. Now they make $360 a month. Elchibek needs a loan to buy more clothes.

======================================

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 P's 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 that 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 further your 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

Subscribe