Fatima L. is a 39 year old farmer with four children. She was born in a large, low-income family where she spent most of her time helping her family with farming and growing spring onions.
In 1992, Fatima got married and kept up her activity of cultivating wheat and onions. In 1998, Fatima’s family bought a house in Tokmok town, and bought bull-calves, which became their first step in a livestock breeding business. As time passed by, Fatima developed her farm with the revenues from selling meat products at the local markets, and was able to construct a barn for her cattle. Now this activity allows Fatima to earn about 10,000 KGS monthly to cover initial expenses of her children.
She plans to use the loan of 80,000 KGS to broaden her business by purchasing cattle. With the revenues from this investment, Fatima plans to give a good education to her children.
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.