Update on NuruypaHer first Kiva loan has helped Nuruypa to purchase cattle. Today she has a farm with four milk cows, six sheep and one bull, which allow earnings of about 5,000 KGS a month. Now Nuruypa plans to broaden the number of cattle and for this reason, she is applying for her second Kiva loan of 60,000 KGS for purchase three bull-calves. Her dream is to see her children be educated and intelligent people and now she is doing her best to save money for their education.
Previous Loan DetailsNuruypa A. is married and lives in Vozesenovka village with her family. She was born in a large family of farmers and from early childhood was engaged in looking after cattle. She graduated from medical college and worked as a nurse at the local hospital. In 1994, Nuruypa got married and soon ga... More from Nuruypa's previous loan »
About Bai Tushum Bank CJSCBai 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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