Chubak S. is a 40-year-old farmer. He has very tight-knit family with five children. His wife works as a nurse at the local hospital.
In order to support his family, Chubak decided to start his own business in cattle breeding and land cultivating with wheat, barley and alfalfa. Owing to his persistent, hardworking personality, Chubak, with starting capital of 10000 KGS, managed to multiply his investments and now earns about 3000 KGS in a month. Also, in seasons of harvesting, he works as a truck driver and helps his countrymen to gather their crops.
Chubak plans to use the loan of 100000 KGS to expand his farm by buying two colts and bull-calves for fattening and reselling. With the revenues from the loan, he plans to pay for the education of his children and broaden his business by purchasing more cattle.
Chubak is an attentive father and makes every effort to make his dream come true: He wants to see his children become educated and cultured persons.
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. Bai-Tushum and Partners uses Kiva funding to target the especially vulnerable population.
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.