A loan of $1,275 helped a member to buy a milk cow to increase milk sales.

Kulmira's Group's story

Nowadays, time has made people such as Kulmira, the leader of this group, and her family members become Jacks of all trades. Conducting business at home, her husband regularly works as a welder, while Kulmira trades in milk, buying from villagers and reselling it in a market. One of her sons mends cell phones and the other son sells milk and cheese. As well, the whole family receives orders and provides Western-style renovation services. The family’s eight-year activity has allowed them to buy a car and furniture. Kulmira’s current income is around $240 per month.

Now, the next project is to buy a milk cow. Because Kulmira values time and does not want to lose time saving money, she hopes to get a loan to hasten the process of acquiring the cow. In the future, she has pretty determined plans of opening a cheese-producing factory, increasing the number of livestock, and buying new furniture for the house.

Kulmira’s partners are Kulsina, Salyi and Nurgul. Kulsina, 59, married to a metalworker, has five children. In addition to being a housewife, she manages to keep a cow and four sheep for reselling. Even though they do not have much livestock, they have been able to increase their number. She is requesting a loan to purchase sheep.

Salyi, 51, is the divorced mother of a 19-year-old-daughter. To earn a living, she sells traditional items of manufacture, beddings and pillows, a craft she learned from her relatives. Salyi requests a loan to buy a sewing machine and fabric.

Nurgul, 34, is a married mother of two children. Nurgul’s husband vulcanizes tires, while she manufactures traditional articles, a skill she learned from her mother. She is in need of a loan to buy materials for manufacture. Her plan is to expand her range of goods, buy an electric sewing machine, and renew the furniture.

--- 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 3-Ps concept - People (building human capital and taking care of its customers and the society as well), Profit (to be profitable 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: http://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 http://kiva.org/team/kyrgyzstan. Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and Mol Bulak staff.

In this group: Kulmira, Kulsina, Salyi, Nurgul

Loan details

Lenders and lending teams

Loan details