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Nurmuhamed
Nurmuhamed is 55 years old, married, and has four children. His children are all grown, and three live separately outside the home. Nurmuhamed's wife works in the home and his children actively help out as well. While searching for a source of income in 1991 after the Soviet Union collapsed, Nurmuhamed started his own business with 10,000 KGS, working with livestock. Thanks to his tenacity and perseverance, today his business brings in around 15,000 KGS each month from the sale of diary and meat products, and he now has three head of cattle, five goats, and one horse. The income from his business allowed Nurmhamed to marry off his children. With the goal of further increasing the number among his livestock, Nurmuhamed has turned to Bai Tushum and Partners for a loan of 100,000 KGS to buy two horses. He plans to use his profits to expand the number of his livestock even further as well as to save for his youngest son's wedding.
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Нурмухамед 55 лет, женат, имеет четырех детей. Дети все взрослые и трое живут отдельно, лишь внуки живут с дедушкой. Супруга Нурмухамеда помогает по хозяйству, внуки и дети помогают активно. В 1991 году после развала СССР, в поисках дохода для своей семьи, Нурмухамед начал свой бизнес в животноводстве. Благодаря упорству и настойчивости Нурмухамед, начатое с суммы 10,000 сом (KGS) хозяйство, на сегодняшний день приносит около 15,000 сом (KGS) в месяц от продажи молочных и мясных продуктов и насчитывает три головы коровы, пять голов коз и одну лошадь. Доходы от бизнес – деятельности позволили Нурмухамеду женить детей. В целях дальнейшего увеличения поголовья скота, Нурмухамед обратился в компанию «Бай - Тушум и Партнеры» за кредитом в сумме 100,000 сом (KGS) на покупку 2 жеребцов. В планах - вложить доходы в дальнейшее увеличение количества домашней скотины, а в будущем – накопить сумму на свадьбу младшего сына.

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

  • $2,500
    Average annual income
  • 172
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,536,875
    Funds lent in using Kiva
  • 48.0
    Kyrgyzstan Soms (KGS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Nurmuhamed to purchase two horses for family business.
96% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014