Maksatbek is 40, married and has three children. He dreamed to be a lawyer and entered university, but because of the death of his father and necessity of taking care of his mother and family, he had to return to his native village. Today Maksatbek is engaged in cattle breeding and land-cultivating businesses, which were started in 1996. Also he practices working at the local sawmill in order to find an additional means of subsistence. He works hard and has managed to raise his initial capital from 30.000 KGS to floating capital in the sum of 100.000 KGS. Today his farm, which has amounted to two cows and twenty sheep, still needs to be developed. Maksatbek has applied for a loan of 100.000 KGS for purchasing cattle. With the revenues, he plans further development of his farm.
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.