100%

funded

Total loan: $2,875

Nazgul

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Taldy - Bulak village, Talas Region, Kyrgyzstan / Agriculture

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A loan helped to buy four dairy cows to increase her cattle headcount and sales of organic milk.


Nazgul's story

Nazgul is 42 years old, married, and has 3 sons and a daughter. The eldest son is 25 years old, and the youngest is 10. Nazgul has a secondary education, and is by nature hard working and responsible. As the main source of income for her family, she has been working in farming since 1995.

Thanks to Nazgul's hard work, today she has a very well developed farm. She has 1.2 hectares of available irrigated land, where she grows potatoes. She also has 5 cows, 50 sheep, and 5 horses. Nazgul has a contract to supply organic milk to the local factory for further processing into dairy products. This allows her to continuously invest in her own farming business.

Having found out that at the bank "Bai-Tushum," she can get a loan using a future contract as a collateral, under the product "value added chain," Nazgul applied for a loan in the amount of 200,000 som (KGS) to buy dairy cows to increase the size of her herd and the volumes of milk sales. Payments from the factory for the milk will be directly transferred to Nazgul's bank account, and loan payments will be automatically deducted.

Nazgul plans to invest the proceeds from the loan into the further development of her business, and one part of the income she will use to improve the living conditions of her family and for her children's education.