100%

funded

Total loan: $2,375

Umut

Flag of Kyrgyzstan
Ton district, Issyk-Kul region, Issyk-Kul Region, Kyrgyzstan / Agriculture

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


Umut's story

Umut is 30 years old and married, with 2 children. She has a college education. She has been raising crops and animals since 2015 as the primary source of income for her family. Thanks to her hard work, her farm currently has 10 cows, 50 sheep, 7 horses, and a 2.0-ha plot of land where she grows alfalfa. She has a contract to supply organic milk to a local plant for further processing into dairy products. This allows her to continuously invest in her agriculture business.

After finding out that as part of the Value Chain offering she could get a loan at Bai-Tushum Bank secured by her contract for future shipments, she applied for a loan of 200,000 som (KGS) to buy a dairy cow to increase her milk sales. Payments for the milk from the Plant will be transferred directly to Umut's bank account, and loan payments will be automatically deducted. Income from the loan will help her grow her farm further.