Asylkan D. is young farmer who lives in Shopokov village in the northern part of Kyrgyzstan. She is 26, married, and has one son aged four. Her husband works at the woodworking plant and makes all his efforts to provide his family with essentials. Unfortunately, his salary is very low and doesn’t meet all expenses. In order to find an additional means of subsistence and support for her family, Asylkan started her business in cattle breeding. She bought cattle for fattening and reselling and concentrated all her efforts on supporting and expanding her household. Revenues from this activity allowed Asylkan to buy a small house in the village. Also she started to breed ducks, which became her favorite hobby.
Now Asylkan wants to take a loan of 90,000 KGS to buy bull-calves for fattening and forage for cattle. With the revenues from this investment, Asylkan plans to give a good education to her son. In the future, she plans to develop her farm by means of livestock breeding. As for her dreams, Asylkan is fond of American culture and wants to see Chicago some day.
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.