Update on KalbubuKalbubu is 47 years old and married. Her children are now grown, except for her youngest daughter who lives at home and goes to school. For 18 years, Kalbubu has been raising cattle and growing crops. Thanks to her hard work, her farm now includes 2 cows, 1 calf, 1 bull, and 3.0 hectares of arable land, and brings in a monthly income of 15,000 Kyrgyzstan Som (KGS) from the sale of dairy products. For the purpose of further expanding her business, Kalbubu has approached Bai Tushum & Partners for a loan of 50,000 Som to purchase cattle. She plans to use the income generated by this loan to increase her herd in the future.
Previous Loan DetailsKalbubu is 46 years old. 18 years ago Kalbubu started farming and raising livestock as the main source of income for her family. Thanks to Kalbubu's hard work and persistence, the business that she has started with the initial sum of 10,000 som currently includes 2 cows, 1 heifer and 1 calf and ... More from Kalbubu'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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