Riskan graduated from college and worked as a typist, but it was not a very profitable activity and additional earnings were required in order to support her family. That’s why, in 1993, Riskan started a business breeding cattle and cultivating kidney beans and perennial herbs. Using her capital of 55,000 KGS, Riskan bought dairy cows and sowed her land. Being a very active person, she was able to lease a plot of land for five years outside of her “The first May” village. Riskan and her family worked hard to get a good harvest. Selling dairy products and kidney beans has allowed Riskan to buy a car for her family.
Riskan plans to use this loan of 70,000 KGS to enlarge her number of dairy cows and purchase mineral fertilizers that will lead to increased crop production and top-quality products. In the future, Riskan plans to help her son to buy a house in the village.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. Bai-Tushum and Partners is one of the leading microfinance institutions in Kyrgyzstan. As a reliable financial partner, Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas that lead to increased employment and meet the interests of its clients and investors.
About Bai Tushum Bank CJSCBai 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.
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