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May 14, 2016 9:17 AM ET

Archived: Kyrgyzstan – Aizada: She will use the loan to buy wheat seeds and to cultivate the land in order to grow organic crops and improve the financial situation of her family

iCrowdNewswire - May 14, 2016


Tyup district, Issyk-Kul region, Kyrgyzstan Green | Agriculture | Farming




Aizada is 36 years old, married, and has 4 children (two daughters and two sons, all of whom are in school). Aizada has a higher education and is an English teacher at a local school. In addition, for the past 16 years, she has worked in agriculture in order to receive additional income. Her farm has 4 cows, 10 sheep, and a horse. On .37 hectares of land, she grows alfalfa for sale. Currently, her work brings in a monthly profit of 5,000 som (KGS). Aizada has decided to develop her business and has applied to Bai Tushum Bank for a loan of 60,000 som (KGS), which she will use to buy wheat seeds and to cultivate the land in order to grow organic crops. Aizada plans to use the revenue from the loan to develop her farm and to improve the financial situation of her family.

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Additional Information

More information about this loan

This loan is part of Bai Tushum’s efforts to provide essential funds to farmers and agricultural producers to cultivate and process locally grown vegetables, crops, fruits and dairy products. These loans also help people in remote areas access lighting and heating for their households, promote green energy products and help reduce energy expenses. The program includes a 5% rebate of annual interest at the end of loan terms if all repayments are made on time. By funding this loan, you are helping low-income residents improve self-sufficiency, expanding domestic farmers markets and direct producer-to-consumer market opportunities, and making strides against poverty.

About Bai Tushum Bank CJSC

Bai 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



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