100%

funded

Total loan: $1,325

Asylkan's Group

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Nookat, Osh Region, Kyrgyzstan / Food

Asylkan's Group's loan finished fundraising,
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A loan helped To reopen her restaurant.


Asylkan's Group's story

Asylkan T. is the leader of this four-person group. She is 45 and her husband is a cook. She has four children: the youngest is still in school, two of them moved to Russia to work, and the other one moved to Kazakhstan. Years ago, Asylkan sold food in her homemade restaurant and her husband helped her with this business. She started the restaurant a while ago but for family reasons was obligated to close. Now she wants to reopen the business and for this purpose she needs loan. She wishes to reopen and improve her restaurant. Muhabat A. is the treasurer of the group; she is 39, and a widow. All of her three children are students and have been helping their mother with her business for six years. She grows and sells potatoes and makes 5,800 som (approximately 130 USD) per month. With the loan, she will buy fertilizer to improve her yield. Her goal is to build a house. For ten years Tolgon A. has been a construction worker – he learned this trade by doing an apprenticeship. He is now 32 and married; his wife does not work. He wants to use the loan to buy fertilizer so that he can grow healthy vegetables near his home. His wife will be able to help him with this task and, in this way, they can earn extra income. When they amass enough money, Tolgon wants to build a better home for his family. Masturahan A. cultivates potatoes and corn, which she then serves in her homemade restaurant. Her husband, a construction worker, helps her with the business. She also has two sons: one is a student and the other is still a toddler. She started her business twelve years ago by cultivating corn. Today, she makes 2,500 som (approximately 55 USD) per month and plans to use the loan to buy fertilizer and a larger variety of seeds. --- 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: 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 www.kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and from Mol Bulak staff.