Tenizbek is a farmer who lives in Kichi-Kemin village. He is 64, married and has three children. He graduated from Automotive College and worked as a mechanic at the local station. In order to find an additional means of subsistence for his family, Tenizbek decided to start his own business in cattle breeding. Using his initial capital of 5,000 soms (KGS), he bought only one calf. His start as an entrepreneur was successful due to strong efforts, and today he has two milk cows, one horse and twenty sheep. Also, for 20 years, Tenizbek has been engaged in his favorite activity – bee farming . At present, he has 40 bee families and earns about 10,000 KGS monthly from selling the products of beekeeping.
Tenizbek has applied for a loan of 75,000 KGS to buy more milk cows that will allow him to increase his milk sales and increase his number of customers.
Bai-Tushum and Partners uses Kiva funding to target an 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.