Update on MakhbubaMakhbuba is divorced and lives with her youngest son who is 13 years old. She has a high school education and got married shortly after finishing school. Makhbuba is, by nature, a very kind person. Her neighbors love her and support her, and they have nothing but positive comments to say about her. In early 2012, in order to provide a source of income for her family, Makhbuba began selling food products, a business she started with an initial sum of 5,000 KGS.
Thanks to her hard work, Makhbuba has a store, and she makes a monthly profit of about 15,000 som (KGS). In order to further develop her business, she has turned to Bai Tushum & Partners for a loan of 100,000 som (KGS) to increase her working capital. She will use this loan to purchase inventory of food items for her store. Her priority is to take care of her son and to ensure that he receives a good education.
Благодаря упорному труду Махбуба в ее хозяйстве на сегодняшний день имеется магазин, ежемесячная прибыль от хозяйства составляет около 15,000 сом (KGS). В целях дальнейшего развития своего бизнеса, Махбуба обратилась в компанию «Бай –Тушум и Партнеры» за кредитом в сумме 100,000 сом (KGS) на покупку увеличения оборота. Доходы от кредита Махбуба планирует вкладывать в развитие бизнеса посредством увеличения ассортимента товара в магазине. Забота о сыне и обеспечение хорошего образования для него, это приоритетная задача для Махбуба.
Previous Loan DetailsMakhbuba is 40 years old and is raising a school-age son by herself. In search of a source of income for her family, she started her own business of selling food products in 2007. Thanks to her persistence and hard work, Makhbuba was able to grow her business, which was started with a sum of only… More from Makhbuba'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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 13, 2012
- Jan 14, 2013
- Currency Exchange Loss:
- Oct 17, 2013
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.