A loan of $925 helped a member to buy, rear and then resell a calf to finance son's wedding and daughter's education.


Dinar's Group's story

Dinar lives in Kara-Balta. She is the leader of this group. Dinar is divorced and has three children. Fortunately, her two sons have already grown up and work for a living themselves. Her eldest son is twenty-one years old. He works in Bishkek. Her second son is twenty. He studied to be a welder and now works in the trade. Her youngest daughter is fifteen years old and studies in high school. The forty-five year old Dinar has a successful animal husbandry business. She put aside capital and, when she had saved enough, purchased two calves at the first opportunity. Her business started relatively recently. She has been running the business for the last five years. In spite of the fact that animal husbandry is not traditionally thought of as women’s work, Dinar has quickly become familiar with the business and has been able to noticeably improve her standard of living. Her monthly income is around a thousand som. To meet her daily needs, Dinar sells milk and when she needs a large sum of money, she always can sell one of her animals. Both of her sons and her daughter always help their mother to the best of their ability.Therefore, Dinar is not experiencing large difficulties with managing her livestock. Now Dinar needs a loan to purchase a calf to rear and resell. Dinar isn't planning to go away on a permanent vacation. She wants to help her son get married and her daughter go to college.

Dinar has three partners in her group:

Gulmira is fifty one years old. Her husband works in construction. Gulmira herself provides massage services. She and her husband have three children. Two are already working and the youngest daughter studies at college. Gulmira is asking for credit in order to purchase a dairy cow. She plans to open a massage room in her home and to teach her youngest daughter how to give massages.

Mairamkul is fifty years old and a mother of five. Her eldest daughter is thirty and the youngest is only eleven. Mairamkul works in retail and sells groceries in her own kiosk. Mairamkul hopes to receive a loan and invest the capital in the business to increase turnover and use the remaining funds to purchase coal for the winter.

Kachkyn is fifty three years old and a mother of four. Kachkyn's husband works in construction. She herself raises cattle and resells them. Kachkyn needs a loan to purchase a calf. Kachkyn has many plans. In the near future, she plans to acquire furniture, a car, fund her son's wedding and repair her barn.

--- 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 who 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: Dinar, Gulmira, Mairamkul, Kachkyn
*not pictured

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Translated from Russian by Kiva volunteer Amanda Ross


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