Ayigul lives in the north of Kyrgyzstan. She is 46 years old, widowed and has three grown-up children. She worked for a long time as a cook in the local area.
19 years ago, in order to support her family, Ayigul began her business of cattle breeding and farming. She rented land near Namatbek village, where her family started to cultivate potatoes and beans. In addition, she gained a good income from selling milk products at the local market through breeding milk cows. Thanks to persistent work, her business expanded but still needs to develop. For this reason, Ayigul plans to use the loan of 40,000 KGS to purchase fertilizers for her land. With the revenue from this investment, Ayigul plans to buy a truck in order to transport milk products and potatoes to the markets in her region.
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.