Turdaly A. is 53, married and has four children. He lives in the town of Naryn, where he makes a living by breeding cattle. His wife earns a living by baking bread, but also helps her husband in his livestock business. Turdaly went into business in 1998 to earn a living and support his family. With initial capital of 15,000 Kyrgyz Soms, he worked hard to make his business successful. He was able to pay for the education of his daughters and today owns two cows, 15 sheep and one horse.
Turdaly has applied for a loan of 100,000 Kyrgyz Soms to expand his business by buying bull calves and sheep. With the revenues from his investment, he plans to rebuild his house.
Bai-Tushum and Partners
Bai-Tushum and Partners uses Kiva funding to target especially vulnerable people and is one of the leading microfinance institutions in Kyrgyzstan. It contributes to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas that increase employment and help people meet the needs of customers 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.