Akylbek B. is 41-year-old ambitious entrepreneur who lives in Osh city, in the south of Kyrgyzstan. He is married and has four daughters; the youngest one is three years old. Akylbek has a very united family, where all members help and support each other.
In 1995, in order to find a way to earn a living to support his family, Akylbek decided to begin his business. Experience showed that he was most successful in the trade sector. He engaged in garment-reselling with a starting capital of 8,000 KGS. Due to Akylbek’s strong efforts and tireless endeavor, he managed to enlarge his assortment of goods with various high-quality products. In 2008, Akylbek took a loan from Bai Tushum and Partners to set up a second sales point at the local market for selling children's and adults’ shoes.
Unfortunately, Akylbek lost his business, which was burned to ashes during violent clashes, caused by deposed political regime which broke out in the city of Osh in June 2010. But Akylbek, being a very optimistic and hard-working person, didn’t give up and is doing his best to rise from the ruins.
Akylbek is applying for a loan of 135,000 KGS to resume his lost business and continue his activities. It will allow him further development of his household and business. Akylbek believes that mutual understanding and friendship always lead to prosperity and well-being.
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 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.