Jumagazy A. is 51 years old, married, and has three children. He works as a chair of the local administration and is known as a very responsible and hardworking person. In order to find an additional means of subsistence, during the last 10 years Jumagazy has been engaged in cattle breeding. With the initial capital of 10,000 KGS, he managed to earn 6,000–8,000 KGS in a month. In the summer, he pastures in the mountainous areas, which allows him to reduce his expenses on the forage. With the revenues from this activity, Jumagazy paid for the education of his elder children. Jumagazy is requesting a loan of 50,000 KGS, which he will use to purchase sheep and one milch cow. Revenues from this activity will allow him to build a huge barn for his cattle.
About Bai-Tushum and Partners 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.