Last updated March 10, 2014

Partner Description:

Bai Tushum Bank CJSC  is a microfinance bank in Kyrgyzstan offering clients a range of financial products, including loans for business development, trade, production, leasing, mortgage, consumption and more, as well as savings accounts. Established as a bank in 2000, Bai Tushum has a portfolio mostly comprised of group loans designed to cater to the broadest population of clients.

Located in Central Asia, Kyrgyzstan declared its independence from the Soviet Union in 1991. Today, about 34% of the population lives below the poverty line.

The country’s microfinance sector is well-developed with more than 400 institutions. Bai Tushum is among the three largest institutions in the country, providing more than 20% of the nation’s microcredit.

Kiva lenders’ funds will help the bank expand its services in remote areas to impact even more vulnerable communities in Kyrgyzstan.

Bai Tushum Bank CJSC’s impact and partnerships:

The bank has entered a new stage in its development by becoming the first microfinance institution in Kyrgyzstan to receive a deposit-taking license. It launched its first savings products in September 2011. As of December 2012, Bai Tushum has more than 30,000 clients and a portfolio of $63 million.

An important area of operation for Bai Tushum is the support of social development projects. In the last year, the bank launched two new socially-oriented credit products: loans for the improvement of living conditions in rural areas, and loans for purchase of alternative energy sources. Additionally, Bai Tushum is training staff to implement financial literacy services for clients in the near future.

Here is a short video about the bank’s work and impact:



Bai Tushum partners with many well-known international organizations includingInternational Finance Corporation (IFC),USAID,European Bank of Reconstruction and Development,GIZ,Oiko Credit,Triple Jump and more.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 6, 2010 Oct 12, 2005
Total Loans $4,924,950 $582,580,825
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 380
Amount of Paying Back Loans $1,954,300 $116,748,000
Number of Paying Back Loans 1,357 123,118
Amount of Ended Loans $2,970,650 $465,440,600
Number of Ended Loans 1,895 591,914
Delinquency Rate 0.27% 3.75%
Amount in Arrears $3,488 $2,842,426
Outstanding Portfolio $1,293,474 $75,775,764
Number of loanDelinquent 7 11,741
Default Rate 0.16% 1.15%
Amount of Ended Loans Defaulted $4,618 $5,334,744
Amount of Ended Loans $2,970,650 $465,440,600
Number of Ended Loans Defaulted 7 16,795
Currency Exchange Loss Rate 0.10% 0.08%
Amount of Currency Exchange Loss $4,761 $480,684
Refund Rate 0.06% 0.77%
Amount of Refunded Loans $2,900 $4,494,225
Number of Refunded Loans 1 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.61% 74.17%
Average Loan Size $1,508 $418
Average Individual Loan Size $1,514 $656
Average Group Loan Size $1,911 $1,826
Average number of borrowers per group 3.1 8
Average GDP per capita (PPP) in local country $2,100 $3,434
Average Loan Size / GDP per capita (PPP) 71.81% 12.18%
Average Time to Fund a Loan 10.46 days 5.55 days
Average Dollars Raised Per Day Per Loan $144.13 $75.32
  Average Loan Term 14.31 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 779 291,324
  Journaling Rate 24.60% 42.38%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 0.01 1.90

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% PY 34.00% PY 33.64% PY
  Profitability (return on assets) 0.8% 3.4% -1.40%
  Average Loan Size (% of per capita income) 160.50% 90.00% 41.35%

Country Fast Facts

Field Partner Staff

Nazira Birnazarova
Kanat Kurmanov
Kanatbek Shamshiev
Gulnara Shamshieva
Kristina Shapovalova
Evgeniya Shatunova
Mirgul Tokusheva
Nurgul Torobaeva