Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner

Partner description: 

Bai Tushum Bank  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’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 including International 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 $14,342,100 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $2,878,450 $147,970,550
Number of Paying Back Loans 2,229 195,474
Amount of Ended Loans $11,463,650 $1,182,285,025
Number of Ended Loans 8,997 1,522,055
Delinquency Rate 0.69% 10.42%
Amount in Arrears $13,949 $9,802,012
Outstanding Portfolio $1,322,811 $94,101,479
Number of Loans Delinquent 46 55,529
Default Rate 0.11% 1.74%
Amount of Ended Loans Defaulted $12,843 $20,609,355
Number of Ended Loans Defaulted 18 50,258
Currency Exchange Loss Rate 1.50% 0.39%
Amount of Currency Exchange Loss $215,507 $5,175,709
Refund Rate 0.23% 0.59%
Amount of Refunded Loans $32,600 $7,878,725
Number of Refunded Loans 17 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 88.77% 76.40%
Average Loan Size $1,277 $394
Average Individual Loan Size $1,278 $609
Average Group Loan Size $1,911 $1,761
Average number of borrowers per group 3.1 7.7
Average GDP per capita (PPP) in local country $2,500 $5,776
Average Loan Size / GDP per capita (PPP) 51.07% 6.82%
Average Time to Fund a Loan 15.23 days 7.13 days
Average Dollars Raised Per Day Per Loan $83.83 $55.26
  Average Loan Term 15.34 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3,488 789,496
  Journaling Rate 33.05% 43.17%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.01 0.81

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 34.00% PY 25.36% PY
  Profitability (return on assets) 0.8% 3.4% -1.96%
  Average Loan Size (% of per capita income) 160.50% 90.00% 12.88%

Country Fast Facts

Field Partner Staff

Kunduz Derbishova
Tilek Ishenov