Altyn M. is 52 years old. She lives with her son in Jany, Alysh village. She graduated from Industrial College and worked as a cook at the local café. She got married and lived happily in marriage. But unfortunately, tragedy broke the life of her family -- her beloved husband died in a car accident and Altyn became the only bread winner. As her wage was too low to cover the expenses of the household, she started her own business reselling socks, which she chose because of its all-season potential. With the initial capital of 5,000 KGS, she managed to raise her floating capital to 40,000 KGS, and today she earns about 9,000 KGS per month. With her earnings, Altyn was able to buy a small house and reconstruct it.
Now Altyn has applied for a loan of 100,000 KGS to broaden her assortment of goods, which will allow her raise her income. In the future, she dreams of building a big house for her grandchildren.
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.