Tuesday, November 26, 2013

New Kiva Loan

Adding to my cattle herd in Kyrgyzstan.

Elmira is 44 years old, married, and raising three children with her husband. She has a specialized-secondary education and is involved in animal husbandry, an activity which provides her family with its main source of income. She started in this business 16 years ago with the purchase of livestock for 20,000 som (KGS).

Thanks to Elmira's hard work, her farming business now comprises two dairy cows and ten sheep. She makes a monthly income of 5,000 som (KGS).

In order to further develop her animal husbandry business, Elmira has turned to the microfinance bank "Bai Tushum & Partners" and requested a loan of 80,000 som (KGS). She will use this loan to buy some cows for breeding.

Elmira plans to re-invest some of her profits back into her business by purchasing additional livestock. She is also planning to save enough money to buy a car.

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