Burulush K. is a 53-year-old farmer who lives in the northern part of Kyrgyzstan. She has two children who live with her and help in the household. She graduated from Trade College and worked as an accountant. She is known as a purposeful, positive and sociable person. Burulush’s husband is engaged in farming.
Unfortunately, after the breakdown of the Soviet Union, Burulush lost her job. That is why in 1995, Burulush began to engage in stock-breeding using the 20,000 Kyrgyzstan soms (KGS) that she had put aside for a rainy day. At that time, she had only two calves. Gaining experience in cattle breeding, Burulush broadened her business and today owns 24 sheep, one milk cow, one calf and one horse. She also began to cultivate a plot of land with potatoes, kidney beans and perennial herbs.
Burulush is a really hard-working woman. Her striving to provide her children with a better life motivated her to apply for a loan of 60,000 KGS for cattle breeding. She used her loan as intended and repaid it without any delays.
Now, Burulush has decided to apply for a second loan of 60,000 KGS. She will use it to buy more milk cows. With the revenues, Burulush plans to build a barn for her cattle.
Kiva's field partner 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. This leads to increased employment and meets the interests of both 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.