Omurjan B. lives in Kozhomkul, a village in the northern part of Kyrgyzstan. He is married and has two children. Omurjan was born into a family of farmers and helped his parents with farming and cattle breeding, which helped him gain useful experience. After serving in the army, Omurjan worked as a tractor driver at the state farm.
In 1995, Omurjan decided to start his own cattle breeding business in order to earn a living to support his family. Omurjan bought one bull-calf with the money that he had put aside for a rainy day. Due to his persistent and hardworking personality, Omurjan managed to multiply his investments and bought a used car. Today, his farm has two milk cows and he sells their milk at the local market. He also has three horses and forty sheep.
Omurjan is applying for a loan of 120,000 KGS to buy two milk cows and three bull-calves. With the revenue, he plans to broaden his business by purchasing more cattle for fattening. In the future, Omurjan plans to buy a house for his family in the town of Karabalta.
The Kiva partner 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.