The microfinance industry in Kyrgyzstan was developed in order to overcome poverty, raise the level of employment and promote the development of small businesses in Kyrgyzstan. It started functioning 15 years ago and is still successful today. The loans have helped thousands of families all over Kyrgyzstan.

Dinara M., 44, is the leader of this group from the village of Kochkor. Dinara is an experienced businesswoman since she has been involved in the cattle business for almost 16 years. A proud mother of four children, she hopes to provide a bright future for them. Her children are already college students and able to direct their lives by themselves. Dinara has applied for a loan to invest money in cattle raising. She plans to organize beautiful wedding ceremonies for her children, own good land and purchase a new car.

Nurbubu C., 41, is married. She works as a seamstress and will use her loan to purchase cattle. In future, she plans to purchase a car and open her own clothing workshop.

Altynbek A., 25, is married. He is a farmer and has applied for a loan in order to purchase additional cattle. He hopes to have a new house in the future.

Cholpon A., 49, is married and owns a small grocery shop. The purpose of her loan is to increase her number of cattle. She would like to broaden her business in the future.

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 in order 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: 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 www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.