100%

funded

Total loan: $2,375

Farida

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Amanbaevo village, Kara Buura district, Talas region, Талас областы, Kyrgyzstan / Agriculture

Farida's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy dairy cows in order to increase her milk sales volume.


Farida's story

This lovely woman is Farida. She is 42 years old, and married, with grown children. She has a secondary education, and is outgoiing and kind hearted by nature. She has been raising livestock and growing crops since 2010, and this is her main contribution to the family's income. Thanks to Farida's hard work and her husband's help around the farm, it presently consists of three cows, 215 sheep, and a horse.

Farida 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, she 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 Farida'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.