Update on IrinaIrina is 44 years old, not married, and has an adult daughter of the age of 21. After having lived in a civil marriage for 10 years, Irina was left alone.
In 2002, while looking for a source of income for her small family, Irina began selling men's and women's clothing at the market in the village of Kaindy, using 6000 som (KGS) as her starting capital. Since the trade was not very profitable, Irina sold off her inventory and from 2006 to 2007 worked as a saleswoman at a store. As her next step, Irina decided to lease a nearby shop that sells detergents, soaps, and cosmetics. Thanks to her tenacity, persistence, and daily work, Irina was able to develop her business, using the profits to buy an apartment in the village.
In order to broaden the assortment of goods, and also as she intends to purchase the space where she trades, Irina turned to the microfinance bank "Bai Tushum & Partners" for a loan in the amount of 130,000 som (KGS). Irina plans to invest the income from the loan in arranging work for her daughter, who graduated from college of medicine this year.
Previous Loan DetailsIrina was born in 1969 in a simple family of a bus driver. Her mother worked as a construction site foreperson. After graduating from college in 1988, Irina found a job as a weaver at the Karabaltinsky carpet factory. In 1991 she met her husband and in 1992 gave birth to her daughter. After ten y... More from Irina'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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