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Ernist D. is 39, married and has three children. He was born in a large family of farmers and from childhood, was the main helper in cattle breeding to his parents. He got married at the age of 20 and moved with his family to Karabalta town. In order to find means of subsistence, Ernist worked as a cleaner at the fuel station and also found underworking jobs. His wife Shakalat helped him by collecting and selling herbs. They had to rent a small jerry building at the outskirts of the town. He made every effort to provide his family with all they needed, but unfortunately, his wage didn’t cover all expenses of their household. For this reason, Ernist decided to move to Altyn village, where he started his business in cattle breeding. Starting with initial capital of 10,000 KGS, he purchased two milk cows, which allow him to earn about 1,500 KGS in a month from selling milk. Now Ernist wants to use this loan of 130,000 KGS to purchase more cows and bull calves for fattening and reselling. In the future, he dreams to develop a huge farm and build a big house for his children and grandchildren.
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.

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
  • 62
    View loans »
    Kyrgyzstan Loans Fundraising
  • $12,018,650
    Funds lent in using Kiva
  • 47.4
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Ernist to purchase cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 22, 2011
Mar 1, 2011
Currency Exchange Loss:
Feb 15, 2013