Amangeldi A. is a 69 years-old farmer. He has had a happy marriage with his wife, Taalaybubu for 50 years and has ten grown children. All Amangeldi’s life was closely connected with agriculture - he worked as a tractor driver for a long time. Now he and his wife are on pension and have a farm with three milk cows, whose daily milk yield of 20 liters is sold at the local market. Also, this couple is engaged in cultivating wheat, beets and clover and work hard to get a good harvest. These activities allow them to make some savings for their old age and support their grandchildren.
Amangeldi plans to use the loan of 60,000 KGS to expand his farm by buying two milk cows, which will allow increased milk sales, and also buy forage for the cattle. With the revenues from the loan, he plans to broaden his business by purchasing more cattle.
Amangeldi is a very attentive grandfather who loves children’s voices ringing in his house and does all his best to provide their prosperous 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.
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.