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

July 2020 - COVID-19 Update:

Kiva has been in contact with Bai Tushum Bank to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. This has caused many economies and businesses to grind to a halt. 

As a result, Bai Tushum has allowed some of its borrowers to temporarily postpone loan repayments due to the aforementioned restrictions or fallout effects of the virus. Because of this, it is possible that lenders will see a delay in repayments over the coming months. As an impact-first funder, Kiva is committed to serving our Field Partners as in past crises. We are sympathetic towards temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Bai Tushum to support them and their borrowers through the COVID-19 crisis. Bai Tushum is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Bai Tushum, we’re grateful for your continued support and understanding through this difficult time. 


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 $17,900,875 $1,459,167,300
Amount of raised Inactive loans $0 $495,200
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $3,891,600 $149,057,025
Number of Paying Back Loans 2,569 173,056
Amount of Ended Loans $14,009,275 $1,309,615,075
Number of Ended Loans 11,084 1,717,068
Delinquency Rate 3.55% 22.05%
Amount in Arrears $90,443 $20,910,760
Outstanding Portfolio $2,315,440 $94,836,205
Number of Loans Delinquent 549 70,766
Default Rate 0.13% 1.72%
Amount of Ended Loans Defaulted $18,764 $22,570,998
Number of Ended Loans Defaulted 23 54,508
Currency Exchange Loss Rate 1.82% 0.40%
Amount of Currency Exchange Loss $327,933 $5,960,897
Refund Rate 0.20% 0.63%
Amount of Refunded Loans $35,300 $9,164,975
Number of Refunded Loans 18 8,498

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 89.60% 76.78%
Average Loan Size $1,311 $395
Average Individual Loan Size $1,312 $609
Average Group Loan Size $1,911 $1,775
Average number of borrowers per group 3.1 7.8
Average GDP per capita (PPP) in local country $2,500 $5,728
Average Loan Size / GDP per capita (PPP) 52.42% 6.89%
Average Time to Fund a Loan 16.97 days 7.53 days
Average Dollars Raised Per Day Per Loan $77.24 $52.47
  Average Loan Term 15.87 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,190 916,311
  Journaling Rate 33.08% 43.72%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.01 0.70

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 24.84% PY
  Profitability (return on assets) 0.5% 3.4% -0.97%
  Average Loan Size (% of per capita income) 160.50% 90.00% 12.34%

Country Fast Facts

Field Partner Staff

Kunduz Derbishova
Nargiza Sydykova