Update on EdisaBai Tushum and Partners expresses gratitude to all Kiva lenders who helped Edisa obtain her first Kiva loan, which was used as intended and repaid. She was able to broaden her assortment of goods and raise her floating capital. Today, Edisa earns about 25,000 Kyrgyzstan Soms (KGS) in a month, which allows her to make a small purchase of goods for reselling and cover her family expenses.
Now Edisa has applied for a loan of KGS 100,000 for broadening her business by purchasing children's clothes for the coming season. Revenues from this loan will be partly used for renovation of her family’s flat.
Previous Loan DetailsEdisa S. is 25, married and has one child. She is very persistent and entrepreneurial woman. In 2001, in order to support her family, Edisa began her business of selling children’s clothes with the initial capital of 50,000 KGS. She worked hard and made every effort to develop her business. For… More from Edisa'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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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Feb 13, 2012
- Feb 25, 2012
- Currency Exchange Loss:
- Dec 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.