Uzgen district, Kyrgyzstan / Farming
Meerkan has successfully repaid her loan, having used the funds for their intended purpose. She is grateful to Kiva and all those who funded her loan. Through her hard work, she owns 12 cows and 2 horses. She also grows potatoes and barley for sale on a 0.83-ha plot of land. Her monthly income amounts to about 8,000 som (KGS).
In order to develop her business, Meerkan has applied to Bai Tushum Bank for a loan of 100,000 Kyrgyz som (KGS) to buy additional cows in order to increase her livestock headcount. She plans to reinvest the proceeds of the loan in livestock.
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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.
A loan of $1,475 helps Meerkan to purchase cows in order to increase her herd.