100%

funded

Total loan: $2,375

Merimgul

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

Merimgul's loan finished fundraising,
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A loan helped to buy dairy cows in order increase her milk sales volume.


Merimgul's story

This lovely lady is Merimgul, She is 38 years old and married, and has a number of minor children. College educated, she is outgoing and kind hearted by nature. She has been raising livestock and growing crops since 2010, and this is her family's main source of income. Thanks to Merimgul's hard work and her husband's help around the farm, it presently consists of 12 cows and a 2.41-hectare plot of irrigated land on which she grows organic crops.

Merimgul 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, Merimgul has applied for a loan of 200,000 som (KGS) to buy dairy cows. Her goal in this is to increase her milk sales. The dairy plant's payments for the milk will be deposited directly into Merimgul's bank account, and the loan payments will be automatically deducted. The income generated by this loan will allow her to develop her farm going forward.