Social Responsibility

Business Philosophy of Mol Bulak Finance is based on four main principles:

Social Impact and Responsible Lending

According to the CGAP "Microfinance, and the impact it produces, go beyond just business loans. The poor use financial services not only for business investment in their micro enterprises but also to invest in health and education, to manage household emergencies, and to meet the wide variety of other cash needs that they encounter".* Mol Bulak Finance is striving to provide large number of financially excluded people with targeted financial services for betterment of their lives.

Although access to financial services can lead to improvements in the well-being of microfinance customers, an ill-advised loan can lead to excessive debt that is impossible to repay. Mol Bulak Finance observes a principle to "do no harm" in its operations. Our loan policy and procedures provide for a careful assessment of each client's financial needs and business capacity in order to insure that every loan will only have a positive impact on the client.

As a value-added service financial education is embedded into the loan process of the company and clients receive financial advice at each loan disbursement.

Internal Social Impact

Mol Bulak Finance considers its employees to be a key factor for success of the planned organizational development.  Adopted in March 2008 our Corporate Policy promotes high standards of corporate culture and provides for creation of a friendly and safe environment for our employees. The Company ensures an on-going dialogue between junior staff and management; and the opinion and suggestions of every employee are highly valued.

Company plans to invest significantly in its employees' professional development a lot. A Share Profit Plan will be implemented in 2008 to share the  company's returns among all staff and key employees will become co-owners of the company.

Empowering women

Women take an active part in the decision making process at the Company. Women are represented on the management team and play a key role in everyday operations.

Around 80% of our clients are women. World experience in microfinance shows that women are more financially responsible with better repayment rates: they are more likely than men to invest their increased income in the household and the future of their children.

Environmental Sustainability

We care about the natural environment of our beautiful country and believe that every company can contribute to preventing ecological damage by implementing environmentally friendly practices.

Mol Bulak Finance provides mandatory environmental training for all staff members, uses environmentally sound practices and does not provide loans for environmentally harmful practices.

* Elizabeth Littlefield, Johnathan Murduch, and Syed Hashemi. Is Microfinance an Effective Strategy to Reach the Millennium Development Goals?  http://www.microfinancegateway.org/files/3656_101.htm

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