Kalimahan K. is 47 years old. She lives in Ak-Dobo village in the north of Kyrgyzstan and has four children: one son, who is married and lives on his own, two daughters who are students, and one son of school age.
Kalimahan has a higher teacher's education, and during the last twenty-four years she has been working as a teacher of the German language in a local school. She is characterized by her colleagues as a responsible, precise and sociable person. Also, Kalimahan is a member of the non-government organization named “Planet -21” and takes part in implementing the project of greenhouse construction. Kalimahan’s husband works in the local school as a physical training teacher.
Unfortunately, salaries of teachers in rural areas are very low. That’s why in 1995 Kalimahan, using her starting capital of 17,000 KGS, began to engage in stock-breeding. She bought milk cows, whose milk she sold to her customers at the local market. Also, Kalimahan‘s family began to cultivate kidney beans, potatoes and red beets on a plot of land. They worked hard to get a good harvest. Using the revenues from selling the harvest, Kalimahan paid for the education of her children.
Kalimahan plans to use this loan of 60,000 KGS to buy three sheep and one milk cow. She expects to increase the sales of milk and also acquire new customers. With the revenue from the loan, she plans to buy a car for transporting vegetables to the local market.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. Bai-Tushum and Partners is one of the leading Micro-finance Institutions in Kyrgyzstan. As a reliable financial partner, Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of micro-finance services in rural and urban areas that lead to increased employment and meet the interests of its clients and investors.
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.