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Sep 23, 2016 12:34 PM ET

Archived: Kyrgyzstan: Toktokan – A loan of $2,200 helps to buy two dairy cows and hay for her livestock.

iCrowdNewswire - Sep 23, 2016


Borrower image

Toktokan’s story

Toktokan is 61 years old, widowed, and the mother of two children. She is a friendly, economical, responsible, and hardworking woman. Toktokan has a specialized secondary education. She is retired, and has been working in agriculture for 38 years already. She has 7 cows, 20 sheep, and 3 horses. On 3.18 hectares of land she grows barley and alfalfa for sale. Every day she sells organic milk. With the goal of further developing her farm, Toktokan has applied to Bai Tushum Bank for a loan of 150,000 som (KGS) to buy 2 dairy cows to breed and to increase milk sales. She also wants to buy hay for her livestock. Toktokan plans to invest the revenue into the further development of her business. 

Translated from Russian by Kiva volunteer Erin Coyne View original language description 

This loan is special because:

It supports the well being of low-income families. 

Kendra Thorogood
Kiva staff 

More about this loan

This loan includes a 5% rebate of annual interest at the end of the loan term if all repayments are made on time.

About Bai Tushum Bank:

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 $2,200 helps to buy two dairy cows and hay for her livestock.

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