expired

Total loan: $1,475

Saida

Kok-Tash village, Jalal-Abad Region, Kyrgyzstan / Agriculture

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A loan helped to buy dairy cows to expand her herd and increase sales of organic milk.


Saida's story

Saida, age 44, is married, and her children attend school. Saida has a secondary education. She has been engaged in animal husbandry and crop farming since 1998 as the primary source of income for her family. Thanks to Saida's hard work and her husband's help with the farm, her farm currently has five cows, 130 sheep, four horses, and a 3.2-hectare plot of land where she grows beans. Saida has a contract to deliver organic milk to a local factory for further processing into dairy products. This allows Saida to invest continually in her agricultural business. Her monthly income is about 10,000 som (KGS).

When Saida found out that she could take out a loan from Bai Tushum Bank on security of her contract for a future delivery (as part of the "Value chain" product), she applied for a loan of 250,000 som (KGS) to buy dairy cows, with the goal of increasing the volume of organic milk she sells. Payments for the milk from the factory will be transferred directly to Saida's bank account, and loan payments will be debited automatically. Profits from the loan will help Saida in the future to develop her farm and give her children a quality education.