100%

funded

Total loan: $1,275

Mayramkan

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Talas district, Talas region, Talas Region, Kyrgyzstan / Agriculture

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A loan helped to buy dairy cows in order to increase her sales of milk to a local factory.


Mayramkan's story

The 62-year-old Mayramkan is married, with two children. She has a secondary education. She has been raising livestock and growing crops since 1980, and this is her family's main source of income. Thanks to Mayramkan's hard work, her farm presently consists of 10 cows and a 1.8-hectare plot of land on which she grows alfalfa. She has a contract to deliver organic milk to a local plant, where it is processed into dairy products. This permits her to put money back into her business on an ongoing basis.

After learning that she could obtain a loan from Bai Tushum Bank using as collateral the contract for future deliveries under a Value-Added Chain arrangement, Mayramkan has applied for a loan of 100,000 som (KGS) to buy dairy cows. Her goal in this is to increase her organic milk sales. The dairy plant's payment for the milk will be deposited directly into Mayramkan's bank account, and the loan payments will be automatically deducted. The income generated by this loan will allow Mayramkan to develop her farm going forward and build a new family home.