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Olmas

Update on Olmas

The first loan, Olmas paid back in full, and on time. She heartily thanks the Kiva lenders.

Olmas turned to the organization "Bai Tushum & Partners" for a loan in the amount of 20,000 som (KGS) for the purchase of vegetable seeds for cultivation in greenhouses.
View original language description ↓
Первый кредит выплачен полностью и своевременно. Она сердечно благодарит инвесторов КИВА. Олмас обратилась в компанию «Бай – Тушум и Партнеры» за кредитом в сумме 20,000 сом (KGS) на покупку семян овощей для выращивания в тепличных условиях.

Previous Loan Details

Olmas is 57 years old, married and raised four children. To provide a source of income for her family, she became involved in animal husbandry in 1995. Today, her business contains two bulls, five sheep and nineteen goats. In order to further develop her business, Olmas requested a loan in the... More from Olmas's previous loan »

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.

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.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 84
    View loans »
    Kyrgyzstan Loans Fundraising
  • $10,751,450
    Funds lent in using Kiva
  • 47.8
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Olmas to purchase vegetable seeds for cultivation in greenhouses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 25, 2013