A loan of $1,075 helped a member to purchase a calf for fattening and resale.

Omurbek's Group's story

Omurbek, 36, is a member of this group. He is a resident of a small fishing town, Balykchi. He is one of 42,000 residents with his own ideas of running a small business. “Being the main breadwinner of the family and having a one-year-old son motivates me to try new things, and help the family make a living”, says Omurbek. He is involved in two main activities: working in a local small joint-stock company and purchasing young cattle, fattening and reselling them.

In December 2010, Omurbek applied for a loan of 15,000 soms from a local bank for the business start-up. After providing thorough care for a couple of months, he resold the animal for a good deal. This activity yielded a monthly income of 6,000 soms. Currently he owns two head of livestock, which he will also take care of and resell later. Having learnt about the loan opportunity from Kiva, Omurbek informed his like-minded fellows and gathered a group. The purpose of the loan is to purchase a calf for further growing and reselling. Omurbek hopes that someday in future he will build the house of his dreams for his 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: Omurbek, Meerim, Mirgul

Loan details

Lenders and lending teams

Loan details