Kanybek is a 56-year-old villager who supports his family by means of cattle breeding. In 1991, Kanybek’s family decided to engage in cattle breeding.
As Kanybek was born into a farmer’s family and had wide experience in animal breeding, he started this activity with great enthusiasm. He used his initial capital of 25,000 soms (KGS) to buy cattle for fattening and reselling and managed to increase the number with the monthly income of 10.000 KGS. Also, he began to cultivate a special type of potatoes, which became a very profitable business.
Now Kanybek plans to use this loan of 130,000 KGS to buy a bull calf and sheep to fatten and resell. He wants to use the revenue from this loan to reconstruct his barn in order to provide good conditions for his cattle.
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.