A loan of $1,300 helped a member to purchase new items of clothing to expand her assortment.

Mambetalieva's Group's story

The life of a small city differs from that of a village. In a village people at least possess a piece of land and may have some cattle to breed and can grow different kinds of vegetables and fruits in their gardens. For city residents the situation is somehow more specific. First of all, people depend on employers and markets. Especially in Kyrgyzstan, where cities used to be centers of industry, they now resemble villages because the living standards have worsened.

However, even in that situation there are many people who, unlike their compatriots, find energy, ideas and inspiration to look for a better life and opportunities. P. Mambetalieva is the leader of this group. She is twenty-three, married, and has a four-year-old son. Her husband trades in spare parts for cars in a specialized market.

P. does her best to help her husband support the family, selling women’s clothes at retail prices. She has been doing this for the last two years and now her monthly income is around $200. P. has many plans regarding her occupation. She decided to apply for this loan because it would help her purchase new items of clothing (summer and fall) and thus expand her assortment.

P.’s partners:

N. Jyrnova, 42, is married and, together with her husband, they keep a household and raise cattle. Apart from trading in cattle they also sell milk and manage to earn about $190 a month. She hopes to obtain this loan to buy a calf for feeding.

T. Abduldayev, 24, is married and has a four-month-old daughter. His wife stays at home with the child. To provide for the family, T. manufactures furniture. He used to work in a factory but now has his own business. T. needs this loan to buy materials for making furniture.

Z. Abduldayeva, 27, is married and has a son. Her husband is a welder. Z. cannot work now and stays at home with the child. Her husband’s monthly income is around $205. She has applied for this loan to buy a calf for feeding and thus help her husband financially.

--- 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 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/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: Mambetalieva, Jyrnova, Abduldayev, Abduldayeva

Loan details

Lenders and lending teams

Loan details