Update on GulkaiyrGulkaiyr and her family live in the village of Kaindy to the north of the Kyrgyz capital Bishkek. She has three children, the youngest of whom is seven. Like many other families in rural areas, Gulkaiyr and her husband raise livestock, having started their business in 1998. Presently, Gulkaiyr keeps 1 dairy cow and 23 sheep. Sales of milk, dairy products and meat allow her to earn around 15,000 som (KGS) per month.
In order to continue expanding her business, Gulkaiyr has turned to Bai Tushum & Partners for a loan of 50,000 som (KGS) to purchase calves for fattening and resale. She plans to re-invest her additional profits into her business by further increasing the size of her herd, and dreams of buying a car in the future.
Previous Loan DetailsGulkaiyr is 36 years old, married, and raising 2 children. From 2005 to 2011, lacking any source of income, Gulkaiyr and her husband were forced to go to find work in Russia, where Gulkaiyr took any available job. Thanks to their hard work, the couple were able to save up enough money to return to… More from Gulkaiyr'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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