Orozbek started this business with initial capital of 10,000 KGS and managed to enlarge it by two cows, two sheep and ten goats. Orozbek also broadened the farm by breeding poultry; now he has seventy turkeys and thirty hens. With the revenues from this activity, he was able to buy a car for his family. Conditions are good for breeding livestock, and he plans to purchase more cattle.
Orozbek decided to apply for a loan of 52,000 KGS to buy three bull calves. With the revenue, he wants to hold his son’s wedding and build up a good dowry for his daughter.
About Bai-Tushum and Partners:
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable segment of Kyrgyzstan’s population. It is one of the leading microfinance institutions in the country. As a reliable financial partner, Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of microfinance services to rural and urban areas that leads to increased employment and meets 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.
143View loans »