Total loan: $2,875
Uch-Emchek village, Talas Region, Kyrgyzstan / Agriculture
Mayramkul's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy dairy cows in order to increase the amount of milk she sells to a local factory.
Mayramkul is 52 years old, married, and has three children. She received a high school education and has been raising crops and livestock since 1987 in order to provide her family with their primary source of income. As a result of Mayramkul's hard work and her husband's help, her farm currently consists of 8 cows, 20 sheep, and 0.44 hectares of land where she grows potatoes. Mayramkul has a supply agreement for organic milk with a local plant that processes dairy products. This allows her to continually invest in her agricultural business. Having discovered that she could receive a loan from Bai Tushum Bank secured by a forward delivery contract as part of the product value chain, Mayramkul applied for a 200,000 KGS loan to buy dairy cows in order to increase the amount of milk she sells. The money that Mayramkul receives from the plant for her milk will be transferred directly to her bank account, and her loan payments will be deducted automatically. The income generated by this loan will help Mayramkul to further develop her farm and finish building her house.