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

Burulcha's Group's story

One might think that a country that exports food supplies in large quantities has plenty of products for local consumers. That is not true for Kyrgyzstan. The most necessary food supplies like meat, fruits, and milk products are a luxury for a typical rural family. The government regulations fail to efficiently allocate locally-made products, while most of it goes for cheap export. Local citizens purchase goods at quite a high price.

Burulcha N., 53, is a leader of this group. She is a junior nurse in a sanitary-epidemic hospital in the small town of Toktogul. She is a widow and has four grown children. She worked hard her entire career in a hospital but still could not provide a good life with the salary of a social worker. She did a tremendous job in satisfying all the needs of her children, and now it is her children’s turn to bring some fresh air into their mother’s life.

Burulcha’s youngest son spent his salary to purchase cattle. Together, they managed to gradually increase the number of cattle. The biggest challenge for this family is to find capital for conducting business, because the input prices rise every year and sometimes it gets hard to cover production costs. Burulcha has organized a group of people, each of whom has unique financial hardships. Burulcha is asking for a loan of 10,000 soms so that she can buy additional cattle and make general repairs on her house.

--- 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: Burulcha, Toktombu, Nurgazy, Burmabu

Loan details

Lenders and lending teams

Loan details