Aygul O. is 39 years old, married, and has three children. Since childhood, Aygul has been fond of sewing and her dream of becoming a designer led her to get a job as a seamstress at the state knitted goods factory. She gained wide experience in this activity and became a team leader of a sewing workshop. In 1996, within the period of breakdown in the Soviet Union, she lost her job. Aygul and her family went through some difficult times with little money and no house, but they did not give up and made every effort to improve their living conditions. Aygul, being a very persistent and hardworking woman, borrowed a sum of 8,000 KGS and began her business in clothes selling. Her start as an entrepreneur was successful due to her strong efforts. She managed to rent a sales point at the local market and raise her floating capital to 60,000 KGS. Her activity was marked by her designer's approach and personal advice to every client.
In 2009, in order to broaden her business, Aygul obtained her first loan of 20,000 KGS from Bai Tushum and Partners, which was repaid without any delays. Now Aygul is requesting a loan of 40,000 KGS to expand the range of products in her shop. She hopes that the loan will help her increase revenue. In the future, Aygul wants to buy a car for her family.
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 leads to increased employment and meets 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.