Satkynbu D. is 43, married, and has five children. In 1994, in order to support her family, she began her cattle breeding business. Currently, she has 1 cow, 20 sheep, 50 hens and 70 turkeys at her farm. Satkynbu’s family is also engaged in cultivating land with potatoes and perennial herbs. With the revenues from these activities, Satkynbu managed to give a good education to her children. Now, Satkynbu plans to use this loan of 100,000 KGS to purchase 20 sheep. With the revenues, she plans to build a barn for her cattle. In the future, Satkynbu plans to broaden her business activities.
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.