However, in June 2010, when violent clashes caused by the deposed political regime broke out in the city of Osh, Gulnora lost her business. Her shop was robbed and looted. But Gulnora isn't giving up and is ready to resume her lost business and continue to work. For this very reason, she is applying for a loan of 135,000 KGS, which she needs to restart her business. She plans to purchase a variety of detergents to resell at the local market. Gulnora’s motto is not to look back but to move ahead.
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 CJSCBai 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.
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