Eleanora S. was born in Gavrilovka village (Chui oblast), where she still lives. Eleanora is 36 years old. She grew up in a low-income family, which is why she was unable to continue her studies after graduating from high school and began to help her parents with housework. When she was 27, Eleanora married and gave birth to a son one year later. Now her son is already 8 and studies in a rural school. Eleanora works as a freelance associate editor at the local rural newspaper “Narodnaya Tribuna” (The Peoples’ Tribune). Eleanora’s husband works as a security guard. Their income is hardly enough for their small family.
Like many other people in the village, Eleanora and her husband decided to do animal husbandry. With initial capital of only 15,000 Kyrgyz Soms, the family bought a cow in 2001. With the first earnings from the sale of milk, the family finally reached a stable income. Now Eleanora wakes up without worrying where to get money to feed her family, provide her son with clothes and prepare him for school.
Eleanora's parents helped her buy a house in the same village. After getting her own home Eleanora pondered over the expansion of her business. Her son is getting older and to allow him to study at a good university, she needs to start saving money today. Eleanora wants to use her loan of 80,000 Kyrgyz Soms to buy another cow to increase milk production, as well as 4 bull-calves and 5 sheep for fattening and resale.
This hard-working and optimistic woman would like to have another child and sign up her son to a sports section and give him a good education. Because all of this is very costly, Eleanora plans to significantly expand her business in order to always wake up in the morning with confidence and "a penny in her pocket”.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. Kiva borrowers benefit from a 5% discount on the interest rate if they pay back without delay.
About Bai Tushum Bank CJSC
Bai Tushum Bank CJSC is a microfinance bank in Kyrgyzstan offering clients a range of products including loans for business development, trade, production, leasing, mortgage, consumption and more. Its portfolio is mostly comprised of group loans that cater to the broadest population of clients. Kiva lenders’ funds help the bank expand its services in remote areas to impact even more vulnerable communities in Kyrgyzstan.