Total loan: $2,575


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Ak-Chiy village, Issyk-Kul Region, Kyrgyzstan / Agriculture

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A loan helped to purchase one dairy cow to increase the volume of milk selling as well as steers and sheep for fattening up and resale.

Gulumkan's story

Gulumkan is 58 years old, married, and the mother of five. Gulumkan has received secondary education. As a main source of income for her family, she raises livestock and grows farmproduce. She has her own small store where she sells groceries, and her daughter works providing photocopying services. Gulumkan has extensive experience as a business owner. Thanks to Gulumkan’s hard work, her farm now includes one horse, two cows and six sheep. She also has 5.13 ha [12.7 acres] of land, where she grows potatoes, grains and sainfoin [a herb used for animal feed]. On a daily basis she sells around 10 l [2.6 gallons] of milk; environmentally clean and very tasty, it is in great demand. In order to develop her business further, Gulumkan has applied to the Bai Tushum microfinance institution for a loan in the amount of 140,000 KGS to buy a purebred dairy cow to increase the volume of milk sales as well as steers and sheep for fattening and resale. Gulumkan plans to invest the resulting revenue in a further increase of livestock. She also would like to save up to buy homes for her children.