Janyl Kudayarova's Group

Even though she is forty-three years old, her age has not prevented her from making a major change in her life. About two months ago a friend of hers went to trade in another market and left her stall to Janyl. Janyl, who had never done trading before, gave up her former occupation and decided to take a risk. She invested all her money, $700, in women’s clothing and started selling. Very soon the sales started to go well, and she has been able to increase her turnover up to $535. Now she is making $200 a month.

Her son also helps her run the stall after school. Janyl is teaching him some basic lessons of survival, giving him a chance to earn his own pocket money. Janyl has applied for this loan to purchase more goods, mainly women's seasonal clothes. She is eager to work hard and increase the turnover. She wants to buy a more profitable spot for the stall.

These are Janyl’s partners: Aftandil, Jumabubu and Jyrgalbubu. Aftandil, 31, has two daughters. Aftandil’s relative has suggested that she set up in business. This relative trades in bedclothes. So Aftandil has decided to obtain this loan and purchase bedclothes for resale.

Jumabubu, 48, is divorced and has one son. Her husband is temporarily unemployed, so Jumabubu supports her family by selling foodstuffs. She needs a loan to purchase goods, mainly foodstuffs.

Jyrgalbubu, 45, is a widow and has one thirteen-year-old daughter. Jyrgalbubu is engaged in sewing. She makes traditional articles and takes them in to some shops. She needs a loan to purchase fabric at “Madina” market, since fabric is cheaper there.

--- 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 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 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 the 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