Akylbek B. is the very attentive father of four children. He applies every effort to give them a prosperous future. He was born in Ak-Bulun village, where he still lives with his tight-knit family. After graduating from secondary school and serving in the army, he returned home and got a job at a local farm. Akylbek worked as a truck driver for 15 years, but after the breakdown of the Soviet Union, he lost his job. Like many people in this situation, Akylbek decided to start his own business in cattle breeding.
Using his starting capital of 3500 KGS, he purchased a milk cow, and owing to his persistent and hardworking personality, Akylbek managed to multiply his investments. Currently, his farm has three cows, twenty sheep, three bull calves and three horses.
Akylbek plans to use this loan of 60000 KGS to increase the number of cattle for fattening and reselling. With the revenues, he plans to finance his son's wedding and give a good education to the younger children.
In the future, Akylbek plans to develop a big farm that he can pass on to his children and future grandchildren.
Bai-Tushum and Partners is one of the leading microfinance Institutions in Kyrgyzstan. It uses Kiva funding to target especially vulnerable populations. 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.