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Gulzat's Group
In this Group: Gulzat, Bubukan, Bakytbek , Rahat
Balykchy is one of the towns of Kyrgyzstan which is famous not only for its fish and its historical background, but also for its citizens, who are hardworking, self-confident people. One of the examples is Gulzat A.. She is a well-educated young lady. After graduating from the university, she worked in the bank as a financier for many years. Everything was fine, but since the ambitious mind wants success, as it always does, she was not satisfied with her salary and left the job.

Then she attended a sewing course. Later on she borrowed 20,000 KGS ($445) and opened up a rented pavilion. Now she sews curtains and makes national crafts. At present, she is thirty-six years old and married. She has a daughter, age sixteen, who attends the local school. Her husband works in a plastics factory in the capital.

Now her profits per month are about 9,000 KGS ($200). She wants a loan to buy fabrics to expand her assortment, because in March she is going to another city to trade. With the money that she would earn, she wants to buy domestic appliances.

Bubukan C. is a married woman whose husband is a pensioner, but has enough strength to help his wife in her business. In 1997 they began to fatten and sell sheep. With the money earned they married off their son and expanded their number of sheep. They began this business with 2,000 KGS ($45) and now their monthly profit is about 15,000 KGS ($335). With the loan they want to buy nine sheep for 2,000 to 2,500 KGS ($45 to $55) each.

Bakytbek C. is a married man, forty years old. His wife works as a credit manager. He has two children and the elder one attends school. He works in forensics (death investigation) as a dispatcher, and his salary is 6,000 KGS ($134). He is planning to provide education for his children and buy a car as well. With the loan he wants to buy hay.

Rahat A. is a thirty-six year old married woman. She saved some money, approximately 35,000 KGS ($778), with which she bought materials and sewed them using patterns. Her husband does not work now. Her profit per month is about 10,000 KGS ($225). Also she has a daughter who studies at the university and she paid her tuition of about 18,000 KGS ($400). By getting a loan she would expand her assortment of fabrics in order to work in another town.

--- 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 a 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
  • 62
    View loans »
    Kyrgyzstan Loans Fundraising
  • $12,018,650
    Funds lent in using Kiva
  • 44.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A portion of Gulzat's Group's $1,125 loan helped a member to buy fabrics to expand assortment of curtains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 29, 2010
Feb 14, 2010
Currency Exchange Loss:
Aug 15, 2010