A loan of $1,400 helped a member to purchase maize.

Aziipa's Group's story

Aziipa D. is the leader of this group. She is forty-four and married. She has seven children: three daughters and four sons. Her two elder sons work in Russia, her elder daughter is married and the others either go to school or are at home. Her husband breeds cattle. Aziipa sells maize. Twenty years ago, together with her husband, Aziipa bought a cow with the purpose of fattening and reselling it. They started with an initial investment of 5,000 KGS. During the next twenty years, they have significantly increased the number of cattle. She is applying for a loan in order to buy maize. Then she is planning to resell it at a higher price. They hope that their profits will allow them to move to cattle breeding only.

Group members:

Shahra N. is the treasurer of the group. She is thirty-three and married. She has a son who is fifteen and goes to school. Her husband breeds cattle. She sells vegetables at the local market. In 2007, she decided to start selling vegetables in order to make money. The first time she succeeded and then she increased her assortment. Starting with an initial investment of 1,000 KGS, she now makes about $110 monthly. She is planning to increase her assortment further in order to get higher profits and therefore she applied for a loan. With the profits from selling vegetables she is planning to give her son the opportunity to get his higher education abroad.

Amangeldi S. is fifty-five and married. He has five children, all of whom live independently from their parents. His wife is a housewife. His youngest son helps him with the business. In 2005, he started buying and reselling cattle. He made a profit the first time and decided that it would be a profitable niche. Since that time, he buys and resells cattle. Now, he could greatly increase his number of cattle and therefore he is building another barn. He is applying for a loan because he wants to buy even more cattle and it would help him in increasing his number of cattle.

Anara Z. is twenty-six and married. She has two daughters who are six and five years old and are still at home. Her husband is a builder. Anara breeds cattle. Two years ago, she decided to buy cattle for breeding with the money received from selling vegetables from her own garden. She bought cattle for 15,000 KGS and she could significantly increase their numbers afterward. She is applying for a loan in order to buy cattle for breeding and increasing their numbers. She wants to expand her business as much as possible.

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

This loan is brought to you by Mol Bulak Finance (MBF), a young, ambitious and socially-focused Microfinance Institution in Kyrgyzstan.
MBF is strongly committed to the principles of sustainable development and upholds the triple bottom line – People (building human capital and taking care of its customers as well as society), Planet (keeping environmentally friendly) and Profit (earning revenue to expand autonomously). MBF is the only Microfinance Institute in Kyrgyzstan that delivers its services to customers 365 days a year. To learn more about MBF 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 microfinance in Central Asia, please join our Lending Team - Supporters of Kyrgyzstan – Mol Bulak Finance at http://kiva.org/team/kyrgyzstan. Members will get special updates and news from Kiva Fellows in Kyrgyzstan and from the MBF staff.

In this group: Aziipa , Shahra , Amangeldi , Anara

Loan details

Lenders and lending teams

Loan details