Asein U. is 63 and married with three children. He has been engaged in livestock breeding since 2001, which is the only mean of subsistence for his family. He has a farm with 20 sheep, 4 milk cows, and 6 horses. He plans to increase the number of livestock. For this reason, Asein has applied for a loan of 30.000 KGS to purchase 10 sheep. It will allow him to further broaden his business activities and accumulate money to purchase a flat for his daughter.
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.