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Aynash M. lives in the southern Kyrgyz city of Osh. She is 41, married and has three children. Two of them are students and the youngest son is a schoolboy. She graduated from Osh State University with the major in Kyrgyz philology (the study of literary texts and written records). Taking into account that salaries of teachers are very low and do not cover expenses of the families, Aynash decided to start her own business in shoe sales. She started with the sum of only 600 Kyrgyz soms (KGS) and bought several rubber boots for reselling. Aynash explored every avenue in her wish to support her children and achieved success – her two little shops became known by their wide assortments of shoes, where every client could find his favorite model.

But in June 2010, when violent clashes caused by the deposed political regime broke out in the city of Osh, Aynash lost her business, which was fully destroyed. Her shops were robbed and looted.

In spite of this severe test she went through, Aynash is ready to resume her lost business and continue to work. For this very reason, Aynash is applying for a loan of 135,000 KGS, which she needs to restart her activity. She plans to purchase shoes to resell at the local market.

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.

Additional Information

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.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 72
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,300,500
    Funds lent in using Kiva
  • 46.7
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Aynash to purchase shoes for retail.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 29, 2010
Sep 20, 2010
Currency Exchange Loss:
Jul 15, 2012