Update on AizaadaThere were many benefits that came from Aizaada's first loan. It allowed her to increase her turnover selling livestock. Today, Aizaada's monthly income is around 15,000 to 20,000 KGS. With the goal of further developing her busines, she has turned to Bai Tushum and Partners for a loan of 100,000 to buy sheep to send out to pasture for the summer. She will save her profits for her children's education.
Previous Loan DetailsAizaada is 33 years old. She raises two children. Aizaada works as an office clerk in the local Administration. Seeking an additional source of income for her family 10 years ago, she started her business of animal husbandry with an amount of 10,000 som (KGS). Thanks to Aizaada's dedicated work a... More from Aizaada'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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