100%

funded

Total loan: $1,200

Albina's Group

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Balykchi, Issyk-Kul Region, Kyrgyzstan / Arts

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A loan helped To purchase fabric and expand her business.


Albina's Group's story

Lives of many people turn out in such a way that they do not get an opportunity to go to college. The circumstances force these people to go to work as soon as they graduate from high school. The life makes these people grow up earlier and start supporting their families, whereas their peers may still enjoy their youth. However, there is an advantage to this state of affairs. Beginning to support one’s family from early age makes this person mature and better prepared for life. From this point they could regard themselves even as fortunate ones. T. K. Albina, the leader of this group, is one of these fortunate youngsters, who started earning their livelihood at an early age. Albina is nineteen years old. She is single and lives with her family. She has a sister, who is two years younger than her. Albina combines two jobs. During her spare time she helps her mother, who is occupied with manufacturing traditional articles of bedding and coverlets. Her mother used to work in a sewing workshop, but because of the low salary, she decided to start her own business. Albina has applied for this loan to help her mother purchase fabric and expand their business. Albina’s partners are: Ainur, 45, is single. She lives with her father. Because of her father’s illness Ainur is temporarily not working, as she has to stay by her father’s side and take care of him. Her brother provides them with food and medicine. Ainur needs this loan to buy a washing machine, a DVD player and a ton of coal. Svetlana, 47, is a mother of four children. Her husband works as a bus driver. Svetlana is a teacher in an elementary school. One of Svetlana’s daughters goes to college and Svetlana needs a loan to pay for tuition. Alisa, 55, lives in a city of Balykchi. Alisa trades in sea–buckthorn. Her husband, 65, is retired. Her youngest son, 21, works as a waiter in a café. At weekends he helps Alisa sell the sea–buckthorn. Alisa has applied for this loan to purchase ten sheep for breeding. --- 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.