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Muhtar M. is 45 years old, married and has two children. Muhtar was born to a low-income farmworker’s family and, from early childhood, had engaged in farming. After graduating from college as a drilling foreman, he had to return to his native village in order to take care of his mother, who stayed alone after his father’s death. In his area of the country, cattle breeding is the main activity, that’s why Muhtar decided to engage in livestock breeding also.

He started this business with 9,000 KGS and managed to broaden his business with milk cows, whose milk he and his wife, Shailoogul, sell to the local diary factory. In 2009, Muhtar obtained his first loan for purchasing cattle and repaid it without any delays. Now, Muhtar plans to use this loan of 135,000 KGS to buy cows, which will increase their milk sales. With the revenues, Muhtar wants to pay for a good education for his children.
Muhtar is very positive and hard-working person, who believes that his efforts will lead his family to prosperous future.

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.

Additional Information

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.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 74
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,938,275
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Muhtar to purchase cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 29, 2010
Dec 9, 2010
Currency Exchange Loss:
Dec 15, 2012