Erkinbek U. is 45 and married with four children. For the past 18 years, he has been engaged in breeding cattle. This is the only means of sustenance for his family. Begininng with the initial capital 2,000 KGS, Erkinbek has developed a farm that now has three cows, six sheep and eight goats. In addition, with the revenues from selling milk and meat products, he has been able to buy a car.
Erkinbek has applied for a loan of 50,000 KGS to purchase sheep. He plans to continue to expand his business and start to build a house for his family.
About Bai-Tushum and Partners
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.
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.