Update on MamlakatkhonMamlakatkhon is grateful to those who supported her previous loan, the income from which allowed her to significantly improve her family's welfare and also to realise her plans to expand her farm. Now she has approached Kiva and Bai Tushum & Partners for a loan of 130,000 Kyrgyzstan Som (KGS) to purchase cattle so she can increase her earnings from their re-sale. She plans to go on the Hajj this year.
Previous Loan DetailsMamlakatkhon is 52 years old, married and has three children. In search of an income source for her family, Mamlakatkhon started her own business in animal husbandry in 2004 with an initial sum of 10,000 som (KGS), which now yields a stable income from the sales of milk and meat products. She is… More from Mamlakatkhon'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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This loan has been fully funded!