A loan of $1,400 helped a member to purchase additional inventory for her store.


Nazgul's Group's story

Here is Nazgul, the leader of the group. Nazgul is the mother of three children. Her eldest son goes to college, whereas her two other sons go to kindergarten. Even though her spouse is a farmer and in addition to that rents a warehouse, where he works as a salesman, Nazgul has a business of her own. She owns a pub and sells beer on tap. She showed her determination when she started her business nine years ago with only twelve and half dollars. Nazgul used to work as a saleswoman in two shops. She saved some money and managed to buy back these shops. Eventually, she sold them to buy an empty building, and made it into a pub. Now she earns twenty five dollars monthly. During this time, she has been able to buy a new lodging – a two-room flat in the rural city of Tokmak – and has increased her turnover. “I have a piece of land next to my pub, which is empty now. I am keen to build a big grocery store with a broad range of goods. This would help me attract more customers to my pub and increase my turnover! I am sure it would work if I got a loan,” exclaims Nazgul, as she points to the empty place. Nazgul plans to bring her business to a high level while her sons are at school. Thus, she wants to ensure a secure future for her children. Nazgul’s partners are Jelmira, Kanchoro and Kuku. Jelmira is thirty eight. She sells foodstuffs in a food store that she takes on lease. She needs a loan to purchase stationery before the school season. Her dream is to buy a house and move out from her flat. Kanchoro is a widow and the mother of three children. At age of fifty two, she works as a security guard in Chui oblast’s tax inspection. She needs a loan to buy a new carpet. Kuku is a widow as well. She has raised nine children. She sells women’s bags and needs a loan to buy a container. This would enable her to save money for her children’s education.

In this group: Nazgul, Shaarkan, Jelmira, Kanchoro
*not pictured


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