A loan of $1,375 helped a member to purchase milk.

Kulyara's Group's story

Kulyara U., 52, is the leader of this group. She lives in Karabalta in the northern part of the country, population 38,700. She has been happy to live there and raise her kids but several years ago a severe tragedy hit her family. She was left a widow with 6 children to feed. All these years she has relied on her dairy business to provide her kids with at least the basic needs. Now, her children are grown up and live on their own; the youngest one is 16.

Kulyara’s youngest son assists in processing milk and selling it wholesale in Bishkek market. In five years the number of dairy cows in her household has greatly increased. The business was started with initial capital of 2,000 soms and now the monthly returns reach twice that amount.

Kylyara wants to give a worthwhile education to her youngest son and plans to increase her savings. Kulyara, along with the other members of the group, is in strong need of financial assistance because she would like to invest more in her business and get higher returns.

--- 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: Kulyara, Bazarbai, Maksat, Umut, Eliza

Loan details

Lenders and lending teams

Loan details