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Gulnara's Group
In this Group: Gulnara, Gulnura, Shaiymkul, Anarkan, Gulnara
Gulnara, the leader of this group, used to work as a schoolteacher. Her teacher’s salary was far less than sufficient, even for basic survival. She believed that there had to be another way of life, a more deserving one. Gulnara made a choice toward improving her life even though she knew that it would require some sacrifice.

Seven years ago she convinced her husband to sell their car. She invested the proceeds, about $1050, into setting up a business. She started trading in foodstuffs (candies, biscuits, canned food and cereals) in her own stall at a city market. Her family's quality of life has indeed improved. She is making $350 a month, which is one-third of the car’s selling price. Besides being able to pay for their children’s education, they have been able to buy a car, to open another shop near their house, and to put a refrigerator, a freezer and a rack in the shop .

Gulnara has three children. Her husband still works at the school. Her son, 19, works as an electrician. Another son goes to a law school. Their daughter, 14, goes to school, and after school she substitutes for her mother.

Gulnara wants to obtain a loan to purchase cereals, candies and vegetable oil, and to buy some winter clothes for winter trade. She is making plans about expanding her shop and making changes to attract more customers.

Gulnara’s partners are: Gulnura, Shaiymkul, Anarkan and Gulnara.
Gulnura, 36, has two children. Her husband is a welder and Gulnura helps him support the family by selling milk. Gulnura needs a loan to purchase two sheep and a calf and to put up new gates.

Shaiymkul, 58, is a farmer’s wife. They have three children. Shaiymkul keeps some cattle and sells milk. Shaiymkul hopes to obtain a loan and buy a calf and with the rest of the loan harvest the clover.

Anarkan, 46, has four children. She is a housewife and sells milk. Anarkan needs a loan to buy a calf.

Gulnara, 46, has two children. Currently she is busy harvesting crops: clover, corn, pumpkin and sugar beets. She needs a loan to 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 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:

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 Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and the Mol Bulak staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 73
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,941,475
    Funds lent in using Kiva
  • 44.0
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulnara's Group's $1,500 loan helped a member to purchase cereals, candies and vegetable oil and buy some winter clothes for winter trade.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 16, 2009
Oct 1, 2009
Currency Exchange Loss:
Apr 21, 2010