A loan of $1,175 helped a member to purchase convenience goods.

Erkingul's Group's story

Erkingul J., 45, is a leader of this group. As Kyrgyzstan is in the heart of the historically know Silk Road, the master of eastern trade techniques are still left in Kyrgyz blood. Erkingul is a resident of the town of Tup and has three children. Her oldest son is employed in neighboring Kazakhstan, while the other two children are busy with their studies.

In 2006 Erkingul took a loan in a local bank and opened her own retail shop. The secret of her success is that she is very sensitive to customers’ tastes and expectations. She almost never has leftover goods. Her monthly profit has reached 10 000 soms. Erkingul applied for this loan because she needs to stock her retail shop with large amounts of goods such as beverages. In the future she hopes to increase the goods circulation to 200 000 soms and to assist her son in purchasing a 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: Erkingul, Ulan, Kunduz

Loan details

Lenders and lending teams

Loan details