Kulbara K. lives in the northwest of Kyrgyzstan. She is married and has four children. She graduated from the Kyrgyz National University and works as a teacher of mathematics in the local school. She is known as a person who sets her whole heart on her pupils' education. Taking into account her striving to make children progressive, she is titled as an Honoured Education Worker.
As it is known, in rural areas, the salaries of teachers are low and do not cover all the expenses of a household. That’s why these people need to find an additional means of subsistence for their families. Kulbara, like many others in such a situation, began her own business in cattle breeding and land cultivating. Starting from buying one cow, she managed to enlarge the number of livestock to 10 sheep, one milk cow, one calf and one horse. Also, Kulbara has a beautiful small-scale garden with apples, pears and raspberries, which gives her some earnings for supporting her children. For her family use, she dries these fruits and makes provisions for the winter.
Now, Kulbara wants to take a loan of 60,000 Kyrgyzstan soms (KGS) to buy five bull-calves for fattening and reselling. With the revenues from this investment, she plans to build a house for her family. In the future, Kulbara plans to develop her farm by means of livestock breeding.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population. Bai-Tushum and Partners is one of the leading microfinance institutions in Kyrgyzstan. As a reliable financial partner, Bai-Tushum contributes to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas that lead to increased employment and meet the interests of its clients and investors.
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.