100%

funded

Total loan: $2,375

Nazgul

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Suluu - Maimak village, , Kyrgyzstan / Agriculture

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


Nazgul's story

This lovely lady is Nazgul, She is 27 years old and married, and has a number of minor children. Educated to secondary level, she is outgoing and kind hearted by nature. She has been raising livestock and growing crops since 2015, and this is her family's main source of income. Thanks to Nazgul's hard work and her husband's help around the farm, it presently consists of two cows, a horse, and a 4-hectare plot of irrigated land on which she grows organic beans and wheat.

Nazgul 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, Nazgul 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 Nazgul'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.