A loan of $1,200 helped a member to pay for graduation at school.

Ilisaeva's Group's story

Ilisaeva A. is the leader of this group. She is a resident of Balykchi, A.. She is 36 years-old and married with seven children: four sons and three daughters. Three sons and two daughters study at school and the others are preschool age. A. does not work outside the home and looks after the children. Her husband works in a furniture store. Nine years ago he began to take orders for making furniture and the initial amount of this business activity was 15,000 soms (aprx. $325.8). Due to this profit, they opened their own store, bought a computer and their monthly income is now 30,000 soms (aprx. $651.60). With money received from this loan, A. plans to pay for her elder son's school graduation. In the future they plan to expand the business and to educate their children.

Muzakanova M. is 38 and married with three children: two daughters and a son. All the children study at school. M. works as an implementer in a store, she earns 3,000 soms (aprx. $65.15) per month. Her husband works an architect and his salary is 5,000 soms (aprx. $108.57). In 2005, with an initial sum of 5,000 soms (aprx. $108.57) they opened a photo salon. Thanks to this activity they earn an addition 5,000 soms (aprx. $108.57) and they have been able to buy a computer and furniture for their home. With money received from this loan, they plan to purchase a printer. In the future, they would like to buy a flat in Bishkek.

Zhumaeva A. is the treasurer of the group. She is 42 and married. She has two sons and a daughter. The older son is a student and the others study at school. A.'s husband works on the railway, so he earns 6,000 soms (aprx. $130.30) per month. A. works at the railway station too and her salary is 4,000 soms (aprx. $86.90). 10 years ago, with an initial amount of 10,000 soms (aprx. $217.15) they bought five heads of small cattle, fattened them and they were resold. As a result, they increased their number of livestock and they now have 15 heads of small cattle. Thanks to this activity they make an addition 3,000 soms (aprx. $65.15) per month. A. would like a loan to buy three heads of small cattle for an amount of 9,000 soms ($195.44).

Rysalieva G. is 63. She is married and has raised two sons. The older one is 33 and works a painter. The other one is unemployed. G. does not work outside the home but takes orders for sewing national products. Two years ago with an initial amount of 1,000 soms ($21.72) she began to take orders from neighbours and was able to make home repairs. Now she wants a loan to purchase fabrics.

--- Where Did This Loan Come From? ---

This loan is brought to you by Kiva partner 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 customers and 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 which 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/about Partner?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: Ilisaeva , Muzakanova, Zhumaeva, Rysalieva

Loan details

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Loan details