Arzykan C. is 62 and married. She has two children. She has higher education in economics and worked in the area of trading for a long time. After retiring on pension, Arzykan decided to start her own business in cattle breeding. She has been engaged in this activity for the last two years and has reached success. Now her business, which was started with the initial capital of 50,000 KGS, consists of four cows and thirty eight sheep at the farm. Her monthly profit is about 3,000 – 4,000 KGS which allows her to broaden her business.
Arzykan wants to take a loan of 100,000 KGS to purchase one colt, two calves and sheep. With the revenues, she plans to develop her farm.
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.