Funded

Total loan: $825
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Urmat


A loan of $825 helped to buy bulls.


Urmat's story

Urmat is 26, married, and is raising one son. His mother, who helps them around the house and taking care of their son, lives with them. Urmat is the family’s main breadwinner; he raises livestock and farms. He started doing this five years ago, when he bought a cow for 15,000 som (KGS). Thanks to his hard work, his farm now has 1 dairy cow, 10 sheep, and 1 horse. He also has 1.5 hectares of land on which he grows beans, potatoes, and clover. Their monthly income is 6,000 som (KGS). Urmat is joining the Diana group, which has two other members. With the goal of further developing his business, Urmat has turned to the Bai-Tushum & Partners micro lending bank for a loan in the amount of 40,000 som (KGS) to buy bulls for increasing the size of his herd. He plans on investing the income earned with the loan onto further increasing his livestock herd, and plans on saving up money to build a new house.

Translated from Russian by Kiva volunteer Peter and Lynne Weil



Loan details

Loan length:

20 months
Repayment schedule: Irregularly
Disbursed date: November 13, 2013
Facilitated by Field Partner: Bai Tushum Bank CJSC

Lenders and lending teams




Loan details

Loan length:

20 months
Repayment schedule: Irregularly
Disbursed date: November 13, 2013
Facilitated by Field Partner: Bai Tushum Bank CJSC