Total loan: $775

Jumagul's Group

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Aravan, Osh Region, Kyrgyzstan / Agriculture

Jumagul's Group's loan finished fundraising,
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A loan helped to purchase sheep.

Jumagul's Group's story

Jumagul, 40 years-old, is the leader of this group. The spirit of enterprise is sparked by small business people with big ideas- people like Jumagul , who grew-up in a small town of Aravan in the South of Kyrgyzstan. Mol Bulak Finance, a field partner of Kiva in Kyrgyzstan, describes such women as a basic foundation for building a steady nation. Jumagul is currently the most successful entrepreneur in the area. Her small business specializes in cattle market and dairy products. At the moment she handles the reselling of at least twenty heads of cattle monthly and generates 2,000 soms. The story of Jumagul started in 1991, after the collapse of the Soviet Union. She saved just enough to purchasing sheep. Gradually she broadened the household and her business prospered. The distribution of her milk products additionally brings 3,750 soms monthly. Jumagul would like to use the loan from Kiva to purchase additional sheep because they have high demand. Jumagul has many plans and wishes for the future including providing an education for her children, finishing the construction of her house and the purchase of an automobile. --- 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 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.