Turganbubu K. is 49, married, and has three grown children. In 1990, in order to support her family, she began her business in cattle breeding. Currently, she has a barn and three cows, twenty sheep and one goat at her farm. In summer, she pastures her livestock in mountainous areas with natural grasses, which leads to reduced expenses. With the revenue from this activity, Turganbubu managed to give a good education to her children. Now, Turganbubu plans to use this loan of 50,000 KGS to purchase three bull calves. Using the revenue, she plans to give a dowry to her daughter.
In future, Turganbubu plans to build a house 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 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.