Aidake U. is 58 years old and the mother of five children. She lives in Ozgorush village, which is in northwest Kyrgyzstan. Sixteen years ago, Aidake bought one cow and five sheep and started her livestock business. Today, she earns 2,200 KGS per month by selling milk to a local diary. She also earns a small amount of money by farming a plot of land on which she grows kidney beans and potatoes. And, because she is a very energetic woman, she supplements these two sources of income by sewing garments for brides, and is well known locally for her skills in this area.
Aidake has applied for a loan for 60,000 KGS to to buy more milk cows, which will allow her to increase sales and acquire more customers. She plans to use her increased income to build a barn for her cows. In the future, she dreams of buying a sewing machine so she can expand her clothing-making business.
Bai-Tushum and Partners uses Kiva funding to target especially vulnerable populations. Bai-Tushum and Partners is one of the leading Microfinance Institutions in Kyrgyzstan, and 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 by meeting the needs of 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.