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Azamat's Group
In this Group: Azamat , Almagul, Nurjamal, Jypar
Azamat J. U., 19, is the youngest member of this group. He’s a resident of Karabalta and lives with his seventeen-year-old sister, who is financially dependent on him. Azamat is a part-time student at a local university, and when he’s free from studies, he works in a local market selling vegetables. He has done this for two years and says that it gets frustrating sometimes as he faces challenges such as perishable products, weather conditions and inflation. He believes that the secret of success in retail is high quality, so he tries to deliver wholesale goods on time and at a more affordable price than his competitors.

The idea for the business came from Azamat’s mother, who helped him start it by buying three sacks of potatoes. Since then Azamat has achieved good results. He’s earned enough to pay his university tuition and has applied for a loan from Kiva, because he would like to purchase a small shop. Working in an open air market makes it more difficult for him to deliver his services, especially in cold winter conditions. Teenage labor has increased recently in Kyrgyzstan. The causes are few opportunities to get a college education and the availability of low-paid jobs.

--- 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
  • 74
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,919,875
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Azamat's Group's $1,600 loan helped a member to purchase a small kiosk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 25, 2011
Feb 7, 2011
Currency Exchange Loss:
Jun 17, 2011