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Irina

Update on Irina

Irina 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.
View original language description ↓
Ирине 44 года, незамужем, имеет 1 совершеннолетнюю дочь в возрасте 21 года. Прожив в гражданским браке 10 лет, Ирина осталась одна. В 2002 году, в поиске источника дохода для своей маленькой семьи, Ирина начала продавать мужскую и женскую одежду на рынке поселка Каинда, использовав в качестве стартового капитала сумму в 6,000 сом (KGS). Так как торговля была не очень прибыльной, Ирина распродала весь товар и устроилась в магазин продавцом – реализатором, где проработала с 2006 по 2007 год. В качестве следующего этапа, Ирина решила сама взять в аренду близлежащий магазин с мыломоющими средствами и косметикой. Благодаря упорству, настойчивости и ежедневному труду, Ирина смогла развить свой бизнес, доходы от которого помогли ей приобрести квартиру в своем поселке. В целях расширения ассортимента товаров, а также Ирина намерена выкупить контейнер в котором торгует, Ирина обратилась в Микрофинансовый Банк «Бай – Тушум и Партнеры» за кредитом в сумме 130,000 сом (KGS). Доходы от кредита Ирина планирует вложить в обустройство на работу дочери, которая в этом году закончила медицинский колледж.

Previous Loan Details

Irina 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 »

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

  • $2,100
    Average annual income
  • 182
    View loans »
    Kyrgyzstan Loans Fundraising
  • $9,866,300
    Funds lent in using Kiva
  • 49.0
    Kyrgyzstan Soms (KGS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,675 helped Irina to expand the range of products in her shop.
76% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 18, 2013
Currency Exchange Loss:
Possible