Omidin D. is 39 years old, married, and has three daughters. He worked as a driver in his local area and was engaged in breeding cattle, but his earnings didn’t cover his family’s expenses. For this reason, he started selling vegetables at the local market in 2002. With the revenues, he was able to buy a car for transportation of the goods.
Five months ago, Omidin decided to change his direction to selling footwear with the starting capital 30.000 KGS and has rented a small shop. Today he has goods to the amount of 50.000 KGS and earns about 12.000 KGS in a month. Omidin has applied for a loan of 90.000 KGS to broaden the assortment of footwear in his shop. It will allow him to raise his sales and further develop his business.
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.