Update on JamalbubuJamalbubu is receiving her second loan from Kiva. The first project proceeds well and she plans to earn a good income. This time, she turned to Kiva to finance a new project. Jamalbubu requires 50,000 KGS to purchase pepper seeds and fertilizers, and the client plans to use the remaining funds to buy sheep.
According to her plans, this project will bring good money in the summer period. She will save profits for the wedding of her son.
Previous Loan DetailsJamalbubu is 53 years old, married, and has two children. Jamalbubu is a school teacher in the village of Talas and as a source of additional income for her family, she farms and raises livestock. She began this business in 1992 with 25,000 som (KGS) and thanks to her hard work, today she has a… More from Jamalbubu'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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