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Erkul M. is 36, married and has two children of school age. He graduated from Kyrgyz Architectural Institute but couldn’t find a well-paid job to cover all the expenses of his young family. In order to find a means of subsistence, Erkul decided to start his own business selling foodstuffs – frozen chicken meat and sausages – at the local market. His start as an entrepreneur was successful due to his great efforts and strong will to provide his children with the essentials.

Erkul was able to open his own small shop and purchase tracks for products transportation. In June 2010, when violent clashes caused by the deposed political regime broke out in the Osh city, Erkul lost his business. His sales shop at the market was robbed and looted, and his storage was burned. But Erkul didn’t give up and decided to resume his lost business and continue his activities. For this very reason, Erkul is applying for a loan of 100,000 soms (KGS), which he needs to restart his business. Erkul is a very optimistic and hardworking person who moves his family ahead and makes every effort for it.


Bai-Tushum and Partners uses Kiva funding to target an 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
  • 28
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,864,850
    Funds lent in using Kiva
  • 47.1
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Erkul to purchase goods for reselling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 14, 2011
Jan 1, 2011
Currency Exchange Loss:
Feb 15, 2012