J. U. Ruslan is an entrepreneurial young man who is engaged in cattle breeding. In 2007, Ruslan graduated from State Juridical Academy in the capital city Bishkek, but, being a responsible person and grateful son, he returned to his native town, Naryn, to support his elderly parents. He started his business using initial capital of 10,000 soms (KGS) and bought cattle. With hard work and great effort, Ruslan managed to multiply the number of cattle and today he has four milk cows, two horses and two bull calves. He earns about 2,000 KGS monthly, which allows him to renovate his family’s house.
Ruslan has applied for a loan of 100,000 KGS to buy seven calves for fattening and reselling. He is eager to broaden his business because he plans to marry his girlfriend.
Bai-Tushum and Partners uses Kiva funding to target an 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.