Unfortunately, the salaries of teachers in rural areas are very low and do not cover all household expenses. To create another source of income, in 2001 Kubanichbek started breeding cattle. With initial capital of 25,000 KGS, he bought cattle and managed to enlarge their number. Today he has an income of 8,000 KGS a month.
Now Kubanichbek is requesting a loan of 50,000 KGS to buy more cattle. With the revenues from this loan, Kubanichbek plans to expand his livestock operation.
About Bai Tushum Bank CJSCBai 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.
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