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Uulbu S. is the single mother of one son. She lives in the Kyrgyz southern city Osh. Uulbu graduated from trade college and worked as a cashier in a local branch of a bank. The breakdown of the Soviet Union pulled down many lives, and as many other people did, Uulbu lost her job. But being a very optimistic person, she considered it as a chance to start a new life.

With the sum of 10,000 Kyrgyz soms (KGS), Uulbu began her business of selling linen and belts. She worked hard and managed to buy a flat for her small family. In order to enlarge the assortment of goods, in 2008, Uulbu obtained her first loan of 80,000 KGS from Bai Tushum and Partners. This loan was used as intended and repaid without any delays.

Her activity started to bring permanent profit and the number of customers increased. This fact lead Uulbu to take her second loan from Bai Tushum and Partners, which was also used to enlarge her business.

But in June 2010, when violent clashes caused by a deposed political regime broke out in the city of Osh, Uulbu lost her business, which was robbed and looted. But Uulbu, being an optimistic and hardworking person, didn’t give up and decided to resume her lost business and continue activities.

For this very reason, Uulbu is applying for a loan of 135,000 KGS, which she needs to restart her business. Despite the many difficulties along the way, Uulbu doesn’t look back and is ready to take a step forward to her future.

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.

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
  • $12,014,625
    Funds lent in using Kiva
  • 46.5
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,925 helped Uulbu to purchase goods for reselling.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 20, 2010
Oct 2, 2010
Currency Exchange Loss:
Jan 15, 2012