Last updated March 20, 2013

Bai Tushum and Partners 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’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.