A loan of $1,500 helped a member to buy some household goods and groceries for the convenience store.

Nurila's Group's story

K. Nurila is the leader of this group. She lives in the city of Kant. In translation from Kirghiz the word “kant” means “sugar”. However, in the past couple of years life in the city has been far from sweet. Many residents left the country in hope of finding stable employment elsewhere. The same fate was threatening Nurila and her husband. Additionally, they had four children to take care of. Traveling with them would have been uneasy at best and so Nurila’s husband decided to stay and become a taxi driver.
Tapping into her savings, Nurila rented a container and started to sell foodstuffs.
Finding a container in her home city proved problematic, however, they were able to rent one in a village twenty kilometers away. Her children had already grown and this business allowed them to remain in Kant. Her eldest daughter has already finished high school, while the rest of the children are still in school. In order to start her business, Nurila invested eight thousand soms ($180). Today her average monthly income is about ten thousand soms ($220). Nurila needs capital to invest into new products and increase her goods turnover. She also plans to buy some furniture and livestock for her household.

Narila has three partners in her group:

Aijan is forty-four years old. Her husband is a construction worker. They have three children. Their two daughters are married and her son is in school. Aijan is a housewife. She raises livestock and sells it on the market. She makes up to ten thousand soms per month. She is requesting a loan in order to buy bull to fatten and sell.

Nurjan is forty-six years old. Her husband works as an electrician. She had tailored ethnic clothes and products but her friends recommended that she become a flour salesman. Nurjan decided to try it out and bought a couple bags of flour. Nurjan needs a loan to invest her capital in more flour.

Gulnara is forty years old. Her husband raises livestock. Gulnara works in the village of Ivanovka where she sells foodstuffs, candy and cookies. She is a mother of three children, all of which are attending school. Her eldest son will graduate this year. Gulnara is asking for a loan to buy some boxes of cookies and candy.

--- 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: Nurila, Aijan, Nurjan, Gulnara

Translated from Russian by Kiva volunteer Alex Kostrubsky

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