Update on AtyrbubuAtyrbubu has turned to Bai Tushum Bank for a successive loan. She is a member of the Iigilik-3 group along with two other people. The loan she received previously allowed her to develop her business and receive profits of about 10,000 KGS from her farming, and she now has a 1.5 hectare piece of land on which she grows beans. Atyrbubu plans to use funds from this loan to cover the cost of mineral fertilizers, fuel and preparing the fields for spring planting. Profits will allow her to buy a bigger house for her loving family.
Previous Loan DetailsAtyrbubu is a member of the group "Iigili -3". She is 55 years old and the mother of three children. She is a librarian, but also works in animal husbandry and crop farming in order to earn more money for her family. With the goal of future business development, Atyrbubu turned to the micro-f... More from Atyrbubu'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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