Alymbek K. is a hard-working 39-year-old farmer from Karakol. He is married and has four children between the ages of 3 and 11 years old. His wife is a teacher at the local school.
After serving in the army, he worked in a meat-packing plant. To find additional means of subsistence for his large family, in 2000, Alymbek decided to start his own livestock-breeding business. With initial capital of only 3,000 Kyrgyz Soms, he bought a bull calf and managed to enlarge his stock to one cow, one heifer, one bull and nine sheep.
Now Alymbek needs to develop his farm, so he applied for a loan of 120,000 Kyrgyz Soms. With the revenues from this investment, he will make his dream come true - to provide a good education for his children. In the future, he plans to expand his business by purchasing more cattle to raise.
Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable populations. 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.