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Payazbek
Payazbek is a 52-year-old married father of three. His children are all grown up and settled.

While searching for new sources of income, Payazbek began to make furniture for himself as well as for friends and acquaintances. He began this business in 1995. Since then he has invested all his strength into developing his business, which today brings him a monthly income of 10,000 som from furniture production and sale.

With long-term business development in mind, Payazbek turned to Bai Tushum and Partners for a 55,000 som loan. He needs to purchase materials for furniture production. In the future, Payazbek plans to expand his business and to accept wholesale and large orders.
View original language description ↓
Паязбеку 52 года, женат и воспитывает трех детей, все дети взрослые и обустроены.Паязбек, в поисках источника дохода, начал заниматься изготовлением мебели для себя, затем для друзей и знакомых. Начав свой бизнес в 1995 году, Паязбек приложил все усилия для развития своего бизнеса, приносящего на сегодняшний день прибыль в 10,000 KGS ежемесячно от изготовления и продажи мебели. Для дальнейшего развития своего бизнеса, Паязбек обратился в компанию «Бай – Тушум и Партнеры» за кредитом в сумме 55,000 сом (KGS) на покупку материалов для изготовления мебели. В будущем, Паязбек планирует расширять бизнес и быть готовым принимать оптовые и большие заказы

Additional Information

About Bai Tushum Bank CJSC

Bai 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.

About Kyrgyzstan

  • $2,100
    Average annual income
  • 133
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,102,125
    Funds lent in using Kiva
  • 47.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Payazbek to purchase materials for furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014