Total loan: $1,975

Anarkan's Group

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Toktogul, Jalal-Abad Region, Kyrgyzstan / Personal Use

Anarkan's Group's loan finished fundraising,
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A loan helped to purchase a washing machine.

Anarkan's Group's story

Anarkan A., 54, is a leader of this group. She’s a resident of the town of Toktogul, in the western part of Kyrgyzstan. She has four children, only one of whom is financially dependent on her. The family business of cattle breeding and selling is the only source of income for the family, because Anarkan’s husband relies on a pension. The business was inherited from her husband’s parents, who gave them some cattle for further breeding.

Anarkan remembers painfully a time when all families involved in cattle breeding faced fierce economic conditions. Severe winters and extremely dry summers led to a lack of hay for cattle, and the volume of milk received fell dramatically. Anarkan was on the brink of giving up the business, but it was the only thing she had ever done, so she persisted, and survived that period.

It's been 25 years since she got involved in cattle breeding. Nowadays the monthly profit reaches 3000 soms. Some of the household electrical appliances are out of order, including Anarkan’s washing machine. She hopes to get this loan in order to purchase a new washing machine. Her dream is to purchase a nice piece of land and build a house.

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.