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Kulmira's Group
In this Group: Kulmira, Kulsina, Salyi, Nurgul
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:

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 Members will get special updates and news from the Kiva Fellows in Kyrgyzstan and Mol Bulak staff.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 55
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,897,275
    Funds lent in using Kiva
  • 43.6
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kulmira's Group's $1,275 loan helped a member to buy a milk cow to increase milk sales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 21, 2009
Aug 24, 2009
Currency Exchange Loss:
Mar 15, 2010