Update on RyskulRyskul is 50 years old, married, and has four children. Ryskul is in the business of raising livestock, which is her family's main source of income. She started her business in 1984 with 10,000 som (KGS) and today it brings in about 5,000 som (KGS) per month from the sale of milk and dairy products. As a result of Ryskul's hard work, she now has eight cows, five goats, two horses, and ten sheep.
With an aim to further developing her business, Ryskul has applied to Bai Tushum & Partners for a loan of 100,000 som (KGS) to buy livestock. Ryskul plans to invest the profits in rebuilding her home, and, later, in increasing the size of her herd.
Previous Loan DetailsRyskul is 50 years old, married and has four children. Ryskul does animal husbandry as a source of income for her family. She started her business in 1984 with 10,000 som (KGS) which now brings her around 5,000 som a month from the sale of milk and dairy products. Thanks to her hard work Ryskul's... More from Ryskul'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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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Dec 13, 2012
- Dec 20, 2012
- Currency Exchange Loss:
- Jan 18, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.