A loan of $1,350 helped a member to buy cattle for resale.

Karamatkhan's Group's story

Kyrgyzstan is a mountainous country, with most of its territory spanned by beautiful mountain chains. Along the slopes and at the base of the mountains are some of the most glorious pastures. That’s why Kyrgyzstan has long been known for its cattle ranching. Even now, in the twenty-first century, the cattle business is an essential part of the country’s economy, with most of the population living in rural areas and working primarily in farming and cattle-raising. The subject of our story is also directly involved with this time-honored profession of the Kyrgyzstan people.

Karamatkhan T. is the head of her group. She and her family live in the city of Kara-Balta. She is thirty-one and has two pre-school-aged children, so for the time being she is not working and stays at home while her husband provides for the family. For many years, Karamatkhan and her husband saved up their money and bought cattle for resale. Over the past four years, cattle resale has become her family’s primary livelihood. The return on the resale comes to around eight-thousand som ($180) per month. And considering the fact that they are just starting out and have invested eighteen-thousand som ($450) in their business, their current income is quite impressive. Karamatkhan currently needs a loan so she can purchase cattle for resale. In the near future, they plan to buy a car and build a house.

She has three partners in her group:

Tadjinisa T. is thirty-three and has two sons. Her eldest is already in school. Her husband sells vegetable containers at the market. Tadjinisa helps her husband as much as she can while still raising the children. She requested the loan to buy vegetables for resale.

Iyris T. is forty-three and the mother of eight children. Her eldest daughter is married. One of her sons works in Bishkek and the younger children are in school. Iyris and her husband breed livestock and sell milk. They requested the loan because they’re in need of capital to buy sheep for breeding.

Jyldyz R. is forty-four and her husband works in Russia. She has four children; the eldest works in a sewing shop and the younger ones are in school. She raises cattle and sells milk. She hopes to receive a loan to buy beef for resale.

--- 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: Karamatkhan, Tadjinisa, Iyris, Jyldyz

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Translated from Russian by Kiva volunteer Jill Heske

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