Aigul A. is a 35-year-old single mother of one child. She lives in Jalal-Abad, a town in the southern part of Kyrgyzstan. In 1996, she entered State Pedagogical University and had great plans for her future. But when she was a second-year student, she was given into marriage in accordance with antiquated nomadic tradition, which fortunately quite rarely exists at present times. Her family life was not very happy, so Aigul decided to raise her daughter by herself. It was very hard for her to find a well-paid job without appropriate education, so she started her own business.
In 2002, with initial capital of 15,000 Kyrgyz Soms, she began to sell children’s clothes. Aigul is very child-loving by her nature, which helped her to choose an assortment of goods with close attention to comfort and style. Such an attentive attitude to all details of her business led Aigul to expand her business. She took three loans from Bai- Tushum and Partners, which helped her to make her business more successful. These loans were used as intended and repaid without any delays.
Now Aigul is applying for a loan of 40,000 Kyrgyz Soms to broaden her assortment of goods. With the revenues, she plans to renovate her daughter’s room. In the future, Aigul wants to open a big children’s shop with high-quality products and service. As for her personal plans, she dreams of having a tightly-knit family.
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.