100%

funded

Total loan: $2,150

Uulzhan

Boo-Terek village, Talas region, Talas Region, Kyrgyzstan / Agriculture

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A loan helped to buy dairy cows in order to increase her volume of milk sales.


Uulzhan's story

Uulzhan is 60 years old and married with grown-up children. She has a higher education and works as a schoolteacher. She has been raising livestock and growing crops since 1996 to provide her family with an additional source of income. Thanks to her hard work and her husband's help on the farm, Uulzhan now has 2 cows, 2 horses and a 2.16-hectare plot of land where she grows beans. Uulzhan has a contract to supply organic milk to a local dairy factory. This allows her to constantly reinvest in her farming business.

When Uulzhan found out that Bai Tushum Bank offer a product called a "Value Added Chain", which would allow her to take out a loan against her future milk sales, she decided to apply for a loan of 150,000 som. She will use the money to buy dairy cows, in order to increase her milk production. The milk payments from the factory go straight into Uulzhan's bank account, and the loan repayments are automatically deducted. The profit from the loan will help Uulzhan to further develop her business.