A loan of $1,550 helped a member to purchase foodstuff for sale.

Burmagul's Group's story

Burmagul S., 36, is the leader of this group. Five years ago she decided to make a contribution to the family budget by opening a small grocery shop. Her husband supported her morally and financially, believing that it would help them to raise two sons, 14 and 1 years old. Burmagul’s husband is a construction worker, and makes 10,000 KGS a month. With today’s conditions of rising prices and expenses, Burmagul decided to advance her business to increase her profit.

The family business worked out well, and they managed to buy a house. Now Burmagul would like to get a loan to diversify the assortment of goods she sells. She believes her business will be a success and she’ll be able to repay the loan.

The small town of Tashkomur in southern Kyrgyzstan has been well known for its coal reserves. But after the fall of Soviet Union, it has been shut down. Mining factories have been closed, and the town has been struggling to survive. Many just immigrated to Russia and Kazakhstan, some stayed searching for new ways to make ends meet. The men usually do construction jobs, while women are involved in sales activities in local bazaars and markets. Burmagul’s story is an example of a typical Tashkomur family.

--- 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: Burmagul, Nurgul, Maksatbek, Aigul
*not pictured

Loan details

Lenders and lending teams

Loan details