Kerimbay T. is 54 years old, married and has six children. After graduating from college, he served in the army in Siberia, Russia. Kerimbay has lived with and is happily married to his wife for more than 25 years and recently became a grandfather of an 11-month old child. Now, he works as a driver at the local government office but his wages don't cover all the expenses of his large family. In his area of the country, cattle breeding and land cultivating are main activities which generate profits. Kerimbay decided to engage in livestock breeding. His wife and elder son are the main helpers to him in this activity.
He started this business with 20,000 KGS and with the revenues from it, started to cultivate wheat on the plot of land. Now, Kerimbay plans to use this loan of 50,000 KGS to buy two bull-calves for fattening and seeds of the wheat crops.. It will allow him to increase his sales of wheat in the future and increase his variety of meat products. Kerimbay is a very positive and hard-working person, who believes that his efforts will lead his family to a 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.
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.