A loan of $2,050 helped to buy food for retail sale.

Parzaiym's story

Parzaiym is 41 years old. She and her husband are raising five children. In 2003 she and her husband started a grocery business in a rented storefront, with a startup capital of 15,000 somi (KGS). Having successfully developed their business and winning over regular customers, Parzaiym has an average monthly income of 20,000 somi (KGS). As a result of their hard work in their business, she and her husband were able to buy the storefront, which they had previously rented.

With an aim to further expansion and growing of their business, Parzaiym applied to the microfinance bank Bai Tushum & Partners for a loan of 100,000 somi (KGS) to make a wholesale purchase of grocery products and chilled drinks for later retail sale. Parzaiym plans to invest the profits from the loan in increasing their inventory and to save up money for opening a second location.

Translated from Russian by Kiva volunteer

Loan details

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Loan details