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Jun 16, 2016 11:03 EST

Kyrgyzstan: A loan of $750 helps Lira to buy a dairy cow in order to increase the volume of organic milk for selling.

iCrowdNewswire - Jun 16, 2016

Lira

 

Koochu village, Kyrgyzstan / Livestock

 

 

Borrower image

 

 

Lira’s story

Lira repaid her loan, after having used it as intended. She is thankful to Kiva, and all those who helped her with the financing. She has two cows, eight sheep and three horses on her farm. She sells milk. She grows alfalfa and barley for own use on 1.5 hectares of land.

With an aim to further develop her business, Lira turned to the bank “Bai Tushum” for a loan in the amount of 50,000 som (KGS) to purchase a dairy cow for selling organic milk. The loan will help her invest in her livestock business. Lira plans to invest the income from the loan in further increasing the number of livestock.

 

 

 

Show previous loan details

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Translated from Russian by Kiva volunteer Audhild A. View original language description

 

This loan is special because:

It supports production of local crops and reduction of energy consumption.
 

 

Kendra Thorogood
Kiva staff

 


More 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.

 

 

A loan of $750 helps Lira to buy a dairy cow in order to increase the volume of organic milk for selling.

 

 

Contact Information:

Lira

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