Funded

Total loan: $775
Powered by 28 lenders

Fotima's Group

Kyrgyzstan
Aravan, Kyrgyzstan / Food Market

A loan of $775 helped a member to purchase foodstuffs.


Fotima's Group's story

Fotima, 37, is the leader of this group. She was born in Aravan and has two kids. Fotima’s husband is presently employed in a construction firm in Russia, so the children were left in Fotima’s care. “If there ever was a guiding force in my life, it is my children,” Fotima explained. Fotima does her best to help her children achieve their goals in life.

With the help of savings from doing farming, Fotima started selling grocery products in a local market in 2008. The groceries include tea, pasta, sugar, salt, etc. Currently she earns 8 000 soms monthly while having 20 000 soms in goods circulation. The past three years have brought enough help for buying livestock and furniture for the house. Fotima knows that success does not come easily, you have to work hard. She believes that the hard work in business will help her successfully repay the loan from Kiva, which she requests for investing in goods circulation.

--- 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: Fotima , Inobatkhon, Manzurahon
*not pictured


Loan details

Loan length:

10 months
Disbursed date: June 14, 2011
Facilitated by Field Partner: MCC Mol Bulak Finance LLC

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: June 14, 2011
Facilitated by Field Partner: MCC Mol Bulak Finance LLC