In 1994, in order to find more means of subsistence for his large family, Kydykbek decided to start his own business in cattle breeding. Over the past 16 years, his efforts have been aimed at supporting and expanding his household. He has managed to multiply the number of cattle and today he has four milk cows, five sheep, five lambs and one horse. Also, Kydykbek began cultivating potatoes and holy clover on a plot of land and worked hard to get a good harvest of high quality products.
Now Kydykbek is applying for a loan of 120,000 KGS to buy five bull calves for fattening and resale. With the revenues from this investment, he plans to broaden his business by purchasing more cattle for fattening. His plans for the future include providing a higher education to his daughters; he dreams of seeing them as progressive-minded persons.
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 CJSCBai 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.
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