100%

funded

Total loan: $2,400

Damira

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Kara-Buura district, Talas region, Talas Region, Kyrgyzstan / Agriculture

Damira's loan finished fundraising,
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A loan helped to buy dairy cows in order to increase her sales of milk to a local plant.


Damira's story

The 54-year-old Damira is married, with one son. She has a secondary education and works as a bookkeeper, while also, since 1991, raising livestock and growing crops. Thanks to Damira's hard work, her farm presently consists of two cows, ten sheep, and a 1.28-hectare plot of land on which she grows beans.

Damira 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, Damira 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 Damira'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.