Kiva Lending Team: Supporters of Kyrgyzstan -Mol Bulak Finance
We loan because...
to learn, to help and to connect.
In the very heart of Central Asia lies a wonderful mountainous land – a country of Kyrgyzstan with the rich history that dates back to 201 BC. More than 80 ethnic groups live here, creating the variety of cultures and traditions. It serves as a trade crossroad and a trans-shipment point between the Europe and Asia as before when it used to be a connecting-link between north and south directions of Silk Way.
The economy of Kyrgyzstan was severely affected by the collapse of the Soviet trading block. More than 20% of the Kyrgyz population has left to other parts of the Soviet Union within past 10 years to seek work.
While strong growth in neighboring Kazakhstan and China has created opportunities for expansion, Kyrgyzstan remains a small economy vulnerable to external shocks. Persistently high inflation, coupled with the global financial crisis, threatens to undermine recent improvements in poverty levels.
Location: Kyrgyzstan Team website
36 messages. Join the team to get in on the action!
Aida received a loan from Peter Hjalmarsson to buy bull calves to increase income from raising catttle.
Zeinegul received a loan from Peter Hjalmarsson to purchase dairy cows in order to increase her milk sales to a local factory.
Sabira received a loan from Paul to buy dairy cows and increase her sales of milk to a local factory.
Pamelah received a loan from 1 team members to buy avocados, cabbages, sugar, salt, maize flour, cereals, rice etc.
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