Aysada I. is a 38-year-old widow who has five children. She is a very responsible woman who makes every effort to give her children all they need. After graduating from college, she worked as a nurse, but her wages were too low to cover her family's expenses. So, Aysada started a business breeding cattle and cultivating kidney beans and potatoes. She earned 4,500 Kyrgyz Soms (~$100) a month by selling her harvest and milk products to the local dairy. She worked hard and managed to multiply her livestock to three cows, twenty sheep, and two horses.
Now Aysada plans to borrow 100,000 Kyryz Soms to purchase milk cows. It will allow her to expand her business by means of breeding. In the future, she wants to build a new barn for her livestock.
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.