A loan of $1,825 helped a member to buy fabric and felt for making traditional goods.

Bazarkul's Group's story

Bazarkul D. is the leader of this group. Bazarkul and her husband have raised four children. Her husband has passed on. The oldest daughter is thirty-five years old, the son is thirty. Then she has two daughters, twenty-nine and twenty. All of her daughters are married. Her son lives with Bazarkul and works. People who have reached Bazarkul's age keep house and bring up their grandchildren. Bazarkul has already fulfilled her parental duty to her children and could afford her deserved holiday and rest. However Bazarkul finds strength within herself to work at her favorite pastime. Moreover, she has recently gone into business. Bazarkul, since she was very young, has been a talented, skilled worker making traditional national goods. Relatives recommended that Bazarkul try making some handicrafts and offer them for sale in shops that specialize in that kind of merchandise. They have begun to buy her wares. Bazarkul has an opportunity to spend her leisure time earning quite good money. To begin Bazarkul's business, she needed four thousand som ($90). Three years after she began her sewing business Bazarkul earned enough money to buy a car and furniture for her house. Her monthly income has reached ten thousand som ($235). Bazarkul enthusiastically works at this. Currently, she requires funds to purchase necessary supplies. She hopes to obtain a loan to purchase fabric and felt. Bazarkul dreams of opening her own shop in the village to sell her goods.

Bazarkul's partners are:

Sagynbek is twenty-three years old. His wife keeps house and does not work. Sagynbek works selling consumer goods at the local market. Sagynbek earns about ten and a half thousand som a month. He would like a loan to increase inventory.

Gulbaira is forty years old. She is divorced and raises her fourteen-year old son. Gulbaira has a cow and bull and works breeding them. She has applied for this loan in order to buy a washing machine.

Anarkul is forty years old. Anarkul is a widow and mother of two children. She has two cows and two calves and earns enough selling milk to support herself. Her monthly income is three thousand som. Anarkul would like a loan to buy a calf.

Amangul is forty-five years old. Her husband is a builder. Amangul stays home, looks after the cattle, and sells milk. Amangul hopes to take out a loan to buy rams.

--- 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: Bazarkul, Sagynbek, Gulbaira, Anarkul, Amangul

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Translated from Russian by Kiva volunteer Melissa Kniazeva

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