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Nurgul's Group
In this Group: Nurgul, Gulzat, Zheenbiubiu , Jumagul
Nurgul S. is leader of this group. She is forty-eight and married with four children: her daughters are twenty two, seventeen and eleven and her son is five years old. Her husband is an ecology inspector.

Nurgul sells convenience goods, a business she started twelve years ago with initial investment of 20,000 soms: she purchased a one-room flat and converted it into a shop. Her monthly income is 7,000 soms. With the profits from her business, she has been able to purchase a house and a car.

Nurgul is applying for a loan in order to purchase convenience goods to increase her turnover which will also increase her profits. In the future, she is planning to increase her turnover further and give her daughters an opportunity to receive higher education at the institutions of higher education in Bishkek, the capital of Kyrgyzstan.

About the other group members:

Gulzat Z. is treasurer of the group. She is forty-five and married to a truck driver. She makes and sells national handicrafts for the house. She started her business six years ago with 6,000 soms obtained in the form a loan from microcredit company MCC Mol Bulak Finance. Her monthly income is now 1,000 soms. She is applying for a loan in order to purchase materials for making more national handicrafts. In the future, she is planning to expand her business.

Zheenbiubiu U. is forty-five and married with three sons who are twenty-five, twenty-four and eight years old. Her husband is a teacher at the local music school. Together with other members of her family, Zheenbiubiu runs a business providing music and master-of-ceremonies at various family celebrations and other events. They started their business six years ago with rented musical equipment and now they make 15,000 soms each month. With the profits from their business, they were able to purchase musical equipment, build a house and pay for their son’s marriage. In the near future, with help of their business, they are planning to accomplish the marriage of their second child.

Jumagul A. is twenty-six and married with a five-year-old daughter. Jumagul works in a barbershop and her husband went to work in Russia to make money. With the loan, she wants to purchase a variety of vegetables to sell. In the future she wants to save money and rent a pavilion in Bishkek and start providing hairdressing services.

--- 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 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:

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 from 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
  • 70
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,298,300
    Funds lent in using Kiva
  • 46.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nurgul's Group's $1,125 loan helped a member to purchase more convenience goods for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 27, 2010
Sep 9, 2010
Currency Exchange Loss:
Mar 15, 2011