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Kermenbai is 55 years old, he is married and is raising one son. Kermenbai is known in his village of Sai as a persistent, hardworking and optimistic man. After the collapse of the Soviet Union Kermenbai's family has started they own business by breeding cattle with a starting capital of 10,000 soviet rubles. Right now the developed business of Kermenbai brings a profit of around 20,000 som (KGS) a month from sales of meat, milk, kefir (thick yogurt drink) and other milk products. With the purpose to further develop his business Kermenbai has come to Bai-Tushum and Partners for a loan in the amount of $100,000 som (KGS) to buy milk cows. Kermenbai plans to use the profit from the loan to buy a large cattle shed with a plot of land.
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Керменбаю 55 лет, женат и воспитывает одного сына. Керменбай в своей деревне Сай известен как человек упорный, трудолюбивый и оптимистичный . После развала Советского Союза, семья Керменбая занялась частным предпринимательством – разведением скота со стартовым капиталом в сумме 10,000 советских рублей. На сегодняшний день, развитое хозяйство Керменбая дает прибыль около 20,000 сом (KGS) в месяц от продажи мяса, молока, кефира и др.молочных продуктов. В целях дальнейшего развития своего бизнеса, Керменбай обратился в компанию «Бай – Тушум и Партнеры» за кредитом в сумме 100,000 сом (KGS) на покупку дойных коров. Прибыль от кредита Керманбай планирует направить на покупку большого сарая с земельным участком.

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
  • 28
    View loans »
    Kyrgyzstan Loans Fundraising
  • $11,868,550
    Funds lent in using Kiva
  • 45.2
    Kyrgyzstan Soms (KGS) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Kermenbai to purchase cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Oct 1, 2011
Currency Exchange Loss:
Oct 15, 2012