Nilufar is a 44-year-old farmer who lives in the south of Kyrgyzstan. She has two children. In 1998, in order to support her family and cover all expenses, Nilufar decided to start her own land cultivating business. With a starting capital of 50,000 KGS, she managed to expand her business by engaging in cultivating cherries and crab cherries. With her business revenues, she was able to pay for education of her children.
Nilufar plans to use this loan of 100,000 KGS to buy mineral fertilizers and package materials for harvest transportation. With the revenues from the loan, she plans further broadening of her business.
About Bai-Tushum and Partners
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. It 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.