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Gulzat is 29 years old and single. She has two children. In 2003, in order to find means of subsistence for her children, Gulzat decided to start up her own business in hairdressing. She started with the initial capital of 10,000 KGS and managed to earn about 15,000 KGS in a month. She rented a room with five workstations in the center of Djalal-Abad town and could make her salon known by a creative and modern approach to hairdressing.

Gulzat proposes to use this loan of 120,000 KGS to purchase good equipment for her salon in order to attract new customers. With the revenue from the loan, Gulzat plans to further broaden her business and dreams of making it one of the best barber shops in the local area.

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
  • 67
    View loans »
    Kyrgyzstan Loans Fundraising
  • $12,008,925
    Funds lent in using Kiva
  • 45.3
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Gulzat to purchase equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 23, 2011
Jun 25, 2011
Currency Exchange Loss:
Jun 17, 2013