100%

funded

Total loan: $1,000

Chyngyz

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Ysyk-Ata district, Chui region, Chuy Province, Kyrgyzstan / Agriculture

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A loan helped to buy sugar beet seeds and increase his harvest.


Chyngyz's story

Chyngyz is 25 years old, lives in Ysyk-Ata with his wife and son. Chyngyz works as a train conductor at a station. The mountaineous region with spacious pasture fields is ideal for farming. He's been raising cows, horses and sheep, and growing crops for 5 years. He has 3 hectares where he grows sugar beet.
Wages from the train station are not enough to support a large family, and so Chyngyz is trying hard to develop his farm. He has an agreement to supply organic sugar beets to a local factory for further processing into sugar product. This allows him to continuously reinvest in his farming business.
After learning that he can get a loan from Bai Tushum Bank when backed by his contract with the factory, Chyngyz asked for a loan of 84,000 KGS. This will allow him to buy sugar beet seeds and increase his crop yield. The payments from the factory will go directly to his bank account, and the loan repayments will be automatically deducted. Earnings from this loan will help Chyngyz in further expanding his farm.