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
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Mujeres De Xepatan Group received a loan from Margaret to buy flour at the wholesale level and a variety of thread.
Dinara received a loan from Paul to buy feed for cattle to increase her income from cattle breeding.
Marisol received a loan from 1 team members to buy additional stocks of ready-to-wear items to sell.
Maya received a loan from Paul to buy some feed for cattle and increase her income from cattle breeding.
Dinara received a loan from Peter Hjalmarsson to buy some cattle to increase her income from cattle breeding.
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.
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