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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Jacinta received a loan from 1 team members to boost her general store with more foodstuffs and other products.
Baktygul received a loan from Peter Hjalmarsson to buy cattle in order to increase her income from raising cattle.
Marina received a loan from Paul to purchase dairy cows in order to increase the volume of milk she sells.
Baktygul received a loan from Peter Hjalmarsson to buy dairy cows to increase her headcount of cattle and sales of organic milk.
Gulbara received a loan from Peter Hjalmarsson to buy dairy cows to increase her income from organic milk sales.
Alketa received a loan from Margaret to replace the old and damaged plastic of her greenhouses so that she can plant the 5000 tomato seedlings to be ready for the spring season for selling.
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