Update on KaramatkanThe first Kiva loan helped Karamatkan to purchase cattle. Today she has a farm with six cows, six heifers, two bull-calves, and one horse, which allows her to earn about 5,000 KGS in a month.
Now, Karamatkan plans to broaden her business activities by land-cultivating. For this reason she is applying for her second Kiva loan of 60,000 KGS to purchase seeds of tomatoes and potatoes.
Previous Loan DetailsKaramatkan M. was born in the south of Kyrgyzstan. She was one of the eight children in a large family of workers. After finishing school, she couldn’t continue her studies because of the limited family income and had to help her parents in rice growing and cattle breeding. She got married to a f... More from Karamatkan's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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