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Umut K. was born in Petropavlovka village. She has been widowed since 1993 and has 3 children: two daughters and one son. Her son is married and lives not far from his mother’s house. Her elder daughter lives and works in Bishkek, the capital of Kyrgyzstan. The youngest daughter, Aidai, lives with her mother and helps in farming. Also, she works as a hairdresser in the small town of Kara-Balta.

Umut was born into a large, low-income family. She spent most of her time helping her mother in the household, watching after the babies and farming. Umut got married early and kept on living in her parents' house. And, yet, she was still obliged to do a lot of housework and help her mother to look after the juniors. After giving birth to her own son, Umut and her husband moved out. Her parents helped by providing them with sheep, and then Umut‘s family began to cultivate clover and barley on the plot of land which was granted by the state. As time passed by, the Kochokovas developed their farm with the revenues from selling their products at the local markets. At the beginning of 1990's, they had already 20 sheep and 3 milking cows.

In 1993, however, a tragedy broke all the plans and dreams of the K.'s family; Umut’s husband died suddenly and she had to sell most of the cattle to cover funeral expenses. But, Umut, being a courageous woman concerned for her children’s future, didn’t give in. She continued to work hard. When her son got married, Umut had to sell more cattle to buy a small house for his family.

Today, Umut has only 2 milk cows and 10 sheep left at her farm. She plans to use the loan to broaden her business by purchasing more cattle. With the revenues from this investment, Umut plans to provide good dowries for her daughters when they marry.

Additional Information

About Bai Tushum Bank CJSC

Bai Tushum Bank CJSC is a microfinance bank in Kyrgyzstan offering clients a range of products including loans for business development, trade, production, leasing, mortgage, consumption and more. Its portfolio is mostly comprised of group loans that cater to the broadest population of clients. Kiva lenders’ funds help the bank expand its services in remote areas to impact even more vulnerable communities in Kyrgyzstan.

About Kyrgyzstan

  • $2,500
    Average annual income
  • 60
    View loans »
    Kyrgyzstan Loans Fundraising
  • $12,018,650
    Funds lent in using Kiva
  • 46.9
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Umut to purchase cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 8, 2010
Jul 18, 2010
Currency Exchange Loss:
Aug 15, 2011