A loan of $2,150 helped to purchase livestock.

Kutmanaly's story

Kutmanaly is 50 years old, married and has five children. In search of a financial source for his family, he started his own business of breeding livestock and reselling agricultural crops 22 years ago. Kutmanaly used an initial sum of 3,000 som (KGS) to buy a cow and was able to grow his business since then to include four cows and sheep today. Thanks to the monthly profit of about 20,000 som (KGS), he covers his family's daily expenses and saves money for his youngest son's education. In order to further develop his business, Kutmanaly requested a loan in the sum of 100,000 som (KGS) from the "Bai-Tushum and Partners" to buy livestock for fattening up and resale. In the near future, Kutmanaly's family plans to increase livestock headcount.

Translated from Russian by Kiva volunteer Anna Sorokina-Hailey

Loan details

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Loan details