Aiymbubu K. is 48 years old and has four children. Aiymbubu was born into a low-income family and from early childhood, she had to help her parents around the house and earn money at the local diary factory. Aiymbubu got married at the age of 20. Soon she gave a birth to three daughters and one son. Unfortunately, her family life was not happy and she was divorced from her husband in 1997. As Aiymbubu became the only breadwinner for her children, she decided to start animal breeding. Using an initial amount of 15,000 Kyrgyz soms, she bought one milk cow, whose milk she sold to the dairy factory. Later on, her livestock grew and in order to reduce her expenses for the livestock's foraging, she pastured her livestock in the mountainous areas with native grasses. Now, Aiymbubu has two milk cows, two horses and 15 sheep at her farm. On the weekends, Aiymbubu and her son sells meat at the local market.
As Aiymbubu is a very hardworking person, she is also engaged in sewing mattresses, cushions and coverings, which became very popular in her local area because of the low prices and good quality of her products. Now, Aiymbubu requests a loan of 50,000 Kyrgyz soms to buy two bull calves for fattening and reselling. It allows her further development of her household and business. In the future, she plans to hold her daughters’ weddings and give good dowries for them. Aiymbubu in a very positive person, who according to her motto, “nothing seek, nothing find”, makes every effort to provide her children with a prosperous life.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable members of the population. Bai-Tushum and Partners is one of the leading microfinance institutions in Kyrgyzstan. As a reliable financial partner, it 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.