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Ruslan's Group
In this Group: Ruslan , Nurgiza, Gulzat, Akmaral
What do we need informational technologies for? In a contemporary world we cannot imagine life without a cell phone, computer or TV. The cell phone usage in Kyrgyzstan has risen dramatically in the recent five years. Almost every person right now has at least one cell phone. This growing consumption has caused the cell phone industry to grow very rapidly.

Ruslan N. is a part of this industry too. He is 21 years old and lives in a small Northern town, Karabalta. Ruslan has been selling mobile phones by retail since his teenage years. He spent 100,000 soms for his business start-up, and is earning 30,000 soms a month. Given a piece of advice from his mother, he took a loan from a bank, and repaid it successfully. Ruslan is married, and his spouse is an office manager for a local medical college. This couple has worked hard, and it has given them fruits. They have managed to broaden the business and purchase some furnishings. This loan is needed for adding cell phone accessories to his assortment of goods. The proceeds of business Ruslan plans to spend on a new automobile and maybe open his own store.

--- 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:

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 Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF 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
  • 72
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,300,500
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Ruslan's Group's $1,500 loan helped a member to purchase cell phone accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 11, 2010
Dec 7, 2010
Currency Exchange Loss:
Nov 15, 2011