Update on AigulAigul is 37 years old and is raising 2 children. As a source of income for her family, Aigul practices animal husbandry. Beginning with an initial investment of 2,000 som (KGS) in 2005, her agricultural business currently brings in around 12,000 som (KGS) a month from the sale of milk and dairy products. At the moment, Aigul has one cow and one horse on her farm. For the further development of her business, Aigul approached the company "Bai - Tushum and Partners" for a loan in the amount of 30,000 som (KGS) to purchase a milk cow. Aigul plans to invest the profits in the further expansion of her livestock herd.
Previous Loan DetailsAigul is 36 years old and raising four- and two-year-old daughters. To provide a source of income for her family, Aigul is involved in animal husbandry. The business, started with an initial sum of 2,000 som (KGS), today yields about 12,000 som (KGS) per month from sales of milk and milk produc... More from Aigul'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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