Update on NurgulNurgul is very happy that she received a loan from Kiva. She admires the work and ideas of this organization. From the bottom of her heart, she thanks all lenders who support people all over the world.
Nurgul's first project helped her develop her business and increase her profits. In order to continue expanding her farm, she has turned to Bai Tushum & Partners for a loan of 50,000 som (KGS) to purchase additional livestock. Nurgul plans to invest her profits from this loan into further growth of her business.
В целях дальнейшего развития своего бизнеса, Нургул обратилась в компанию «Бай –Тушум и Партнеры» за кредитом в сумме 50,000 сом (KGS) на закуп дополнительных голов скота. Доходы от кредита Нургул планирует вложить в дальнейшее увеличение хозяйства.
Previous Loan DetailsNurgul is 35 years old, married and raised three children. In search of a source of income for her family, Nurgul became involved in animal husbandry in 2002, having started this business with an initial amount of 15,000 som (KGS). Today, her business contains a dairy cow, two calves and one hors... More from Nurgul'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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