Nasirdin B. is a 51 year old farmer, married, and he has three children. After graduating from State agricultural university, he devoted his life to the agricultural sector. Nasirdin worked as an agronomist and at the same time, started his own business in cattle breeding and farming. With the initial sum of 6,000 Kyrgyz Soms, he cultivated land with holy clover and barley and managed to develop his farm. All these activities allowed him to reconstruct a house for his son in Naryn town and purchase three cows and one horse.
In order to broaden the number of cattle, Nasirdin obtained his first loan of 50,000 Kyrgyz Soms and repaid it without any delays. Now Nasirdin is applying for his second loan of 50,000 Kyrgyz Soms to purchase two bull-calves and ten sheep. With the revenues, he plans to buy a truck for transportation.
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.