Mirlan is an entrepreneurial young man who is engaged in cattle breeding. Being a responsible person and grateful son, he stayed in his native village to support his elderly parents. Mirlan started his business using initial capital of 50,000 soms (KGS) and bought cattle. With hard work and great effort, Mirlan managed to increase the number of cattle and today he has one milk cow, one horse, five goats, and five sheep. He earns about 8,000 KGS a month, which was spent on medical treatment for his father.
Mirlan is requesting loan of 50,000 KGS to buy three calves for fattening and reselling. He is eager to broaden his business because he plans to renovate his family’s house and marry his girlfriend.
Bai-Tushum and Partners uses Kiva funding to target an 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.