A loan of $1,775 helps Makhburat to buy seeds and to cultivate the land in order to grow organic corn.
Makhburat successfully repaid her loan after using it as intended. She is grateful to Kiva and everyone who contributed to her loan.Through Makhburat’s hard work, now she has a 0.8 hectares of allotted land on her own on which every year corn and watermelons are grown for household consumption and for sale. There are also cows, horses and three sheep on the farm. Makhburat asked Bai Tushum Bank once again for a loan in the amount of 120,000 som (KGS) to buy corn seeds and to purchase fertilizers to cultivate environmentally friendly products. Makhburat wants to invest proceeds from the loan in the development of her business.
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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.