Bakyt B. was born in the town of Kara-Balta in the north of the Kyrgyz Republic, where he still lives. He is 29 years old, married and has two children; his son is 6 and his daughter is 3 years old. Bakyt and his family live in his mother’s house.
He started to work when he was 20. In the beginning, he worked at a private car wash, and later he was hired by a car-repair shop as a mechanical assistаnt. When he had earned the necessary start-up capital, he bought his first car – a used Ford Sierra. From this moment, he changed his job and became a private taxi driver.
In 2008, Bakyt had a car accident, which was the fault of another driver. Bakyt got injured, and his car became unsuitable for his taxi business, so Bakyt sold it. Bakyt and his family met difficult times as he was the only breadwinner for his family and kids.
After full recovery, he decided to go back into business and took a loan from the Bai Tushum Company to purchase a car. He bought a Volkswagen Golf produced in 1986. The loan was used for its initial purpose and repaid on time and without any delay. This car is the only means of income in the B. family, but its technical condition does not allow it to carry out safe passenger transportation. The car needs to be repaired.
That’s why Bakyt applied for another loan, to repair his car so that he can continue to work as a taxi driver. Part of the new loan Bakyt wants to use to renovate the house where his family lives.
In the future, Bakyt wants to buy a good minivan with seven seats and continue to work as a taxi driver. Bakyt’s family now lives in a small, old house. Bakyt dreams of buying a good, large house for his family, where they could have their own household.
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.