Anara B. is 39 years old. She has three children: two sons, the elder of which is serving in the army, and one daughter of school age. Her husband works as an electrician at the state power plant. In 2005, in order to support her family, Anara began her business of selling lingerie with the initial capital of 15,000 KGS. She worked hard and managed to expand the range of goods and raise her floating capital. With the revenues, she was able to pay for education for her second son.
Anara will use this loan of 52,000 KGS to broaden the range of products she sells. With the revenues, she plans to give a good education to her daughter. Anara dreams of buying a car for her family in the future.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. Bai-Tushum and Partners is one of the leading Micro-finance Institutions in Kyrgyzstan. As a reliable financial partner, Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of micro-finance 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.