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Akylbek
Akylbek is 33, married, and has four children between the ages of 5 and 15. He is a final-year student at the State University, and is also a businessman engaged in cattle-breeding. He started his business with the initial capital of 10,000 KGS and managed to develop it to a point where the monthly profit is 5,000 – 10,000 KGS. In order to broaden his business by fattening and reselling colts, he has applied for a loan of 100,000 KGS. With the revenue, Akylbek plans to reconstruct the barn for his cattle and save money for the higher education of his elder son.

Bai-Tushum and Partners is one of the leading Microfinance Institutions in Kyrgyzstan. It uses Kiva funding to target the especially vulnerable population. 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, which lead to increased employment and meet the interests of its clients and investors.

Additional Information

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.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 90
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,746,400
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Akylbek to purchase cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 22, 2011
Listed
Jun 25, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013