Duishonaly A. is 62, married and has six grown children. He worked as a teacher at the local school and is known as a responsible and open-hearted person. Now he is on pension and in order to cover the expenses of his household, he decided to engage in cattle breeding. Duishonaly started this business with the help of his first loan from Bai Tushum in 2008 and managed to develop a farm with 2 horses, 23 sheep, 12 goats and 3 milk cows. With the revenues, he was able to build a barn at the village outer territory, where he pastures his cattle until the first snow.
Duishonaly has applied for a loan of 100,000 KGS to purchase cattle. It will allow him to increase the number of animals and further broaden 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.