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.
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.