Aisalkyn S. is 40, married, and has two daughters. She is engaged in breeding cattle, and with the help of her husband has managed to maintain her farm successfully, which they started with the initial capital of 3.000 KGS. They worked hard and managed to earn about $172 in a month from selling milk and meat. With the revenues, they bought a car for their family and paid for education for the children.
Aisalkyn has applied for a loan of 100,000 KGS to purchase cattle. It will allow her to increase her sales of milk products, and in the future will improve her household.
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.