Nurchakan, 65, is a widow living in Southern Kyrgyzstan. In her teenage years, she showed early talent in sewing and designing clothing, skills she inherited from her mother. Now, she can perform a wide range of activities, from designing small souvenirs to making large hand-made carpets for home decoration.
Nurchakan resides in a small town called Tashkomur. Her daughters make it easier for her to run her business by supplying fabric from the capital. It was Nurchakan’s initiative to turn her home into a small fashion house. She has been in this industry for 31 years and her invested start-up capital of only 2,000 soms now brings 9,500 soms per month. Nurchakan has increased the goods circulation, obtained permanent clients and has a stable income. She believes these criteria will help her to repay the loan successfully. The purpose of the loan is to purchase fabric needed for the upcoming busy season.
--- 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.