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Total loan: $1,275
Kerben, Jalal-Abad Region, Kyrgyzstan / Retail
Flag of Kyrgyzstan
Gulnara's Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase products for resale.
Gulnara's Group's story
What makes a good business entrepreneur? Personal characteristics? Relationship with environment? Or competitive advantage? All of these characteristics are related to our next ambitious borrower, but the main driving force is a unique idea and a strong faith in accomplishing it. Gulnara M., 32, is the treasurer of this group. At this moment she is a housewife with two kids, but she has big business possibilities in the future. Gulnara’s husband is a truck driver. Several times a week he has to make hard long trips to remotest areas of the country. Transporting a large number of goods requires much patience and endurance. Their children are six and three years old and can now be taken to a daycare. So Gulnara plans to start a business selling consumer goods and groceries in a market in her hometown of Kerben. The wholesale goods will be brought by her husband during his trips. This will help her cut the transportation costs significantly. Her husband’s salary has already allowed the family to purchase several heads of cattle and send them to Gulnara’s parents for tending. The returns from the new business will be spent on constructing a house and setting up their own private shop. Gulnara would be very thankful to all lenders, since having a chance to sell goods in a local market is very important for her family’s well-being. --- 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.