In 1980, Konichbek got married and soon became a father of one son and one daughter. His marriage was very happy, but in 1997 tragedy shattered his life - his beloved wife died and he became a single parent, taking care of his children by himself. Despite his difficulties, Konichbek made every effort to provide his children with all they needed. In order to cover all of his family's expenses, he started to take on different orders, for decorations and interiors. Konichbek also takes part in regional exhibitions and trade fairs, where his work has become very popular and in great demand.
In order to broaden his activities, Konichbek took his first loan from Bai Tushum in order to purchase canvases, pigments and baguettes, which were used as intended and the loan was repaid. Now, Konichbek has applied for a loan of 50,000 KGS to buy artistic materials (colours, canvases, etc), revenues of which will allow him to renovate his studio. In the future, Konichbek dreams of showing his paintings in international exhibitions under his motto: “Cooperation leads to the peace of the world”.
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 CJSCBai 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.
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