Sagyn is 56 years old. He is married and has one son. In order to support his family, he works as a taxi driver near the local market.
In 2004, Sagyn decided to start his business in selling foodstuffs, which has become good source of income for his family. He rented a small shop and to maintain that shop, he obtained his first loan from Bai Tushum. This loan was used as intended and repaid without any delay.
Now, Sagyn plans to use this loan of 30,000 KGS to broaden his assortment of goods. With the revenues, he plans to pay for the education of his son and further development of this business.
Bai-Tushum and Partners is one of the leading Microfinance Institutions in Kyrgyzstan. Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas that aim to increase 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.