Kunduzkan K. is a widow with four grown children. She lives in the southern city of Osh.
Kunduzkan has a higher education and worked in the Osh State University for 22 years. In 1995, in order to find an additional means of subsistence for her family, Kunduzkan started her business in trade. She made wholesale purchases of women’s clothes and children’s footwear on the weekends, and then resold goods at the local market with the help of her sons. She worked hard and managed to open a small shop with different kinds of clothes. This activity allowed Kunduzkan to provide her children with a good education.
Now Kunduzkan is on pension but still is full of energy to work for the prosperous future of her family. This tireless insistence lead Kunduzkan to obtain two loans from Bai Tushum and Partners for business enlargements, which were repaid without any delays. Since this activity became a family business, Kunduzkan’s daughter-in-law helps her and works as a shop assistant.
Now Kunduzkan wants to take a loan of 100,000 Kyrgyzstan Soms to broaden the assortment of goods in her shop. It will allow her to raise floating capital and increase her number of clients. Kunduzkan believes that her long-term experience and optimistic spirit will help her to improve her family’s lives.
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.