A loan of $1,500 helped a member to purchase farm animals.

Buvaisha's Group's story

The Kyrgyz Republic's economy was severely affected by the collapse of the Soviet Union and the resulting loss of its vast market. In 1990, some 98% of Kyrgyz exports went to other parts of the Soviet Union. Thus, the nation's economic performance in the early 1990s was worse than any other former Soviet republic except war-torn Armenia, Azerbaijan, and Tajikistan. While economic performance has improved in the last few years, difficulties remain in securing adequate fiscal revenues and providing a sufficient social safety net.

Buvaisha K., 48, is from the southern small town Kadamjai. A mother of four children, she is an immunologist in a local doctor hospital. Her husband is busy with a private carting business. Their oldest daughter has left to Russia for work, the youngest goes to school. The business of raising cattle started, when Buvaisha’s husband came back after hard work in Russia and invested earned money in this business. Profits from raising cattle have helped them to buy a car, which became the next source of earning money. With money received from this loan, Buvaisha wants to purchase six farm animals for breeding. In the near future, they plan to open a small shop in their village.

Burul O., 37, has two daughters. Her husband is a mechanic and Burul is engaged in sewing national accessories. They also breed livestock to make money. The purpose of the loan is to purchase two units of livestock for breeding.

Suksur A., 56, is married. Her husband is a security guard in a local combine. They have three daughters. The family owns a cow and two calves. The purpose of the loan is to increase the family's number of cattle.

Tilyakhan S., 39, is a nurse in a local hospital in Kadamjai. The purpose of the loan is to purchase a dairy cow.

--- Where Did This Loan Come From? ---

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan.
MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF 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 microfinance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF staff.

In this group: Buvaisha, Burul , Suksur , Tilyakhan

Loan details

Lenders and lending teams

Loan details