Responsible financing

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SME loan

 

Assel Bolotovna is a shining example of how hardworking and tenacious FMFC clients are. With a young family and the unfortunate passing of her mother, Assel knew she had to do something to improve her and her family’s situation. She inherited a small store premises from her father in Naryn’s central market. The shop hadn’t been operating for several years; it had no customers or any inventory and needed renovations. 

Taking actions towards her goal 

Assel considered all of her options and decided to take a loan from First MicroFinance Company to fix up the store and turn it into a functioning business. After consulting with a Loan Officer in FMFC Naryn branch and presenting all the necessary documentation, Assel was approved for a 500,000 KGS SME loan. She used the funds to expand the premises, upgrade the fixtures and purchase a wide range of inventory.  

At the end of the day

Assel successfully turned the idle shop into a profitable business! A business that is able to compete with other outlets in Naryn’s central market. Through her profits Assel has fully repaid the loan and is considering taking out a credit line with FMFC to further grow her business.

 

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  2. at HandleExceptions->handleError('2', 'file_put_contents(): Only 0 of 297 bytes written, possibly out of free disk space', '/var/www/user27054/data/www/fmfc.kg/vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php', '111', array('path' => '/var/www/user27054/data/www/fmfc.kg/storage/framework/sessions/zZjZR9l2OMUcttXdOarkC4De0xTNyZudx1WEXptl', 'contents' => 'a:5:{s:6:"_token";s:40:"EtBw0Tn6NEhQINOZlDebX5Rjc1EVkt0fs9W1mdjO";s:6:"locale";s:2:"en";s:9:"_previous";a:1:{s:3:"url";s:37:"https://fmfc.kg/en/success-stories/14";}s:9:"_sf2_meta";a:3:{s:1:"u";i:1634607954;s:1:"c";i:1634607954;s:1:"l";s:1:"0";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 'lock' => true))
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