100%

funded

Total loan: $1,200

Gulnara

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Kochkor district, Naryn region, Naryn Region, Kyrgyzstan / Agriculture

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


Gulnara's story

Gulnara is 55 years old, she is widowed and has 2 sons. She has a college education. Since 1992 she has been farming and raising livestock, which has provided the main source of income for her family. Thanks to her hard work she now has 6 cows, 10 sheep and 4 horses.

She has a contract to supply organic milk to a local factory for further processing into dairy products. This allows her to continuously invest in her agricultural business. She has learned that at Bai Tushum Bank, under its Chain of Added Value program, she could get a loan secured by a contract for future milk supply. She has applied for a loan of 100,000 som (KGS) to buy dairy cows, so she can increase her milk sales. Payments for the milk from the dairy factory will be deposited directly into Gulnara's bank account and the loan payments will be automatically deducted from it. The proceeds from the loan will help her to continue to develop the farm.