Abdimitalip M., 41, is married and the father of five school-aged children, the youngest of whom is three. He works as a builder, helping his neighbors to reconstruct their houses, and is also engaged in cattle breeding and rice cultivation in order to support his family. Starting with initial capital of 15,000 KGS, he now manages to earn about 10,000 KGS a month from these activities.
Abdimitalip has applied for a loan of 100,000 KGS to purchase cattle and mineral fertilizer to manure land. It will allow him to multiply his cattle and broaden his business activities. In the future, he dreams of providing his children with a good education and building a big house for his family.
Bai-Tushum and Partners, one of the leading Microfinance Institutions in Kyrgyzstan, uses Kiva funding to target the especially vulnerable population. 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, leading to increased employment and meeting 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.