Update on JyldyzkanJyldyzkan was able to expand her product assortment and make her customers very happy with the help of Kiva. Therefore, she was also able to increase her income. She is grateful to all, who supported her. With the understanding that the quantity of merchandise at her store increases income, Jyldyzkan requested a loan in the amount of 80,000 KGS from the "Bai Tushum and Partners" company. She plans to increase product turnover at the store with these funds.
На приобретенные средства она собирается увеличить товарооборот в магазине.
Previous Loan DetailsJyldyzkan is 45 years old, married and is raising four children. To support her large family Jyldyzkan opened a grocery store in 1995. With a starting capital of 5,000 som (KGS) and a lot of hard work and perseverance Jyldyzkan expanded her business to yield 5,000 som (KGS) monthly profits. Aside... More from Jyldyzkan'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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