A loan of $1,575 helped a member to purchase raw materials for sewing.

Shaiymbubu's Group's story

Shaiymbubu is the leader of this group. She is 58 and, unfortunately, she is a widow. She has raised two daughters and a son; the first daughter works as a confectioner, the second daughter is a teacher and the son is a constructor. In order to earn money to meet daily needs, Shaiymbubu Kyrgyz sews national carpets, cloth and dressmaking supplies. She started this activity 10 years ago with an initial investment of 1,000 soms, and, at the moment, her monthly profit from this activity is 5,000 soms. This profit made her able to save money for purchasing an apartment in Balykchi for her daughter.

Shaiymbubu applied for the loan because she needs financial funds to purchase raw materials, which are needed for sewing. In the future, with the profits gained from the business, she wants to save money to purchase a vehicle for her son.

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 "P" 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: Shaiymbubu, Begaiym, Tolonbek, Nurgul

Loan details

Lenders and lending teams

Loan details