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Gulzada's Group
In this Group: Gulzada, Aisalkyn, Elmira, Iskenderbek
Gulzada is the leader of this group. She is twenty five and has one child. Her married life has ended as soon as it started. Now Gulzada is divorced and has to raise her child herself. Gulzada is not the kind of person to whine and snivel. Instead she just has turned another page of her life is full of energy to keep going. At least Gulzada’s aunt has been helping her for the time being to look after the child. For living Gulzada sews national clothing. Gulzada got involved in sewing due to her aunt, who saw her skill and found the best way to use it. Gulzada’s aunt provided her with the initial capital to start up. She gave her 350$ so that Gulzada was able to purchase all the necessary materials and fabric. During past three years Gulzada has got new customers and increased her turnover. Currently her monthly income constitutes 280$. It is almost 80% of the initial aunt’s capital. Gulzada has become a lot more experienced and learned how to make many kinds of national clothing for sale. She now wants to get a loan to purchase materials for sewing new kinds of national clothing and thus be able to attract more customers and finally increase her sales. On profit gained, she plans to buy a sewing machine and overstitching machine to increase her efficiency and produce more qualitative clothing. Gulzada’s ultimate dream is to have her own flat.

These are Gulzada’s partners: Aisalkyn, Elmira and Iskenderbek.

Aisalkyn is divorced. She has no children. Currently she is engaged in commerce at a local market. A sister of hers helped her to set up in business. Now Aisalkyn manages everything herself. Aisalkyn has applied for this loan to purchase new goods.

Elmira, 38, has three children. Her husband is a builder. She works in a bakery and sells national bread. Elmira’s monthly income is 140$. Elmira needs this loan to invest it in buying ingredients (wheat flour, yeast, etc). Elmira wants expand her business and start saving money to buy a big house.

Iskenderbek, 34, has three children. Iskenderbek earns his family’s living by working in a building company. He transports building materials on his own car. His wife works as a charwoman. Iskenderbek has applied for this loan to invest it in buying auto spares for his car.

--- 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 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 who 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 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

  • $2,100
    Average annual income
  • 157
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,457,400
    Funds lent in using Kiva
  • 43.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulzada's Group's $800 loan helped a member to purchase materials for sewing new kinds of national clothing and thus be able to attract more customers and finally increase sales.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2009
Listed
Oct 29, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010