History

Micro Credit Company "Mol-Bulak" was first established in Issyk-Kul region in 2005 to extend loans to women.  Its founder, Ms. Chinara Moldazhanova managed to grow the company from 1 mln KGS in 2005 to 30 mln KGS by the end of 2007. Her company was a success story of a wholesale microfinance lender in Central Asia LLC, MCC "Frontiers". Chinara has successfully managed to conclude five debt deals with Frontiers and successfully closed two.

In 2008 the Company received additional equity and decided to expand its services to customers as well as to extend its reach to other rural parts of Kyrgyzstan.