Microfinance Company “Bai Tushum & Partners” is a reliable financial partner contributing to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas, that lead to increased employment and meets the interests of its clients and ... Read more
Microfinance Company “Bai Tushum & Partners” is a reliable financial partner contributing to the economic development of the Kyrgyz Republic through the delivery of microfinance services in rural and urban areas, that lead to increased employment and meets the interests of its clients and investors. Hide
Background and Main Challenges:
Bai Tushum and Partners” Company functions on the microfinance market since 2000. For 10 years of active work and industrial development, Company has accumulated an extensive positive experience which is being actively applied in its credit activities. This experience allowed the Company to ... Read more
Bai Tushum and Partners” Company functions on the microfinance market since 2000. For 10 years of active work and industrial development, Company has accumulated an extensive positive experience which is being actively applied in its credit activities. This experience allowed the Company to achieve the status of one of the leading effectively run microfinance institutions not only in Kyrgyzstan but also in the Central Asia as well. Thus, according to the totals of 2009 Company holds 25% of the total volume of loan portfolio of microfinance institutions of the Kyrgyz Republic (according to the data of AMFI KR). Presently, a constant growth of the Company’s loan portfolio continues to take place on a stable and sound quality level, as well as growth of number of clients, which was stipulated by the constant work on perfection of loan products, effective marketing policy and extension of the branch network. Branch network of the Company is being increasing from year to year, operating for today in 7 branch offices and 38 representative offices that allow it to promptly render services in all the key and remote regions of the country. It should be noted that loan services of the Company are accessible and diversified, among which are: loans for business development, trade, production, agriculture, leasing, mortgage, consumer loans and loans for business abroad. It's necessary to note that the company keeps up with the times, introducing best practices of microfinance, at the same time it applies conservative, competitive and market-oriented pricing policies and portfolio management methods. Hide
1) Agroloans. Development of cattle breeding, cattle fattening, plant growing and crop production, crop cultivation; interest rate 25 - 28% per annum, loan term 12 - 24 months, interest payments are monthly for first-time clients and quarterly for repeat clients, repayment of principal amount ... Read more
1) Agroloans. Development of cattle breeding, cattle fattening, plant growing and crop production, crop cultivation; interest rate 25 - 28% per annum, loan term 12 - 24 months, interest payments are monthly for first-time clients and quarterly for repeat clients, repayment of principal amount after 7th month of using.
2) TSP. Trade, service and production, interest rate 25-30% per annum, loan term 12 - 24 months, interest payments monthly for first-time clients and quartly for repeat clients, repayments of principal amount monthly by annuity payments or by flexible graph.
3) Mortgage. Mortgage loans is intended for small entrepreneurs who are in need of fixed assets for purchasing of dwelling and commercial real estate. Interest rate is fixed at rate 25% per annum for a term of 5 years, repayments by monthly annuitet payments.
4) Consumer loans for clients. Microcredits are disbursed for personal consumer purposes (purchase of long-life goods, vehicles, education fee and other relevant purposes). Interest rate is fixed at rate 30% per annum for a term 12- 24 months, repayments by monthly annuitet payments.
5)Financing equipment. Microcredits are disbursed for legal entities and private entrepreneurs involved in providing services in rural and urban areas by micro buses or other equipment. Interest rate is 25-30%, from 12 till 24 month, repayments by monthly annuity payments or flexible graph.
6) Group lending. Group lending are disbursed to increase self-employment of farmers and for consumer purposes for group of employees. Interest rate is 28% -30% from 12 to 24 months, interest payment monthly, repayment of principal amount by monthly annuity payments or at the end of using .
7) Business abroad. Microcredits are disbursed to private entrepreneurs involved in business abroad (Russia, Kazahstan etc.) who has real estate in the Kyrgyz Republic. Interest rate is 35% per annum for a term 12 months, interest payments monthly, repayment of principal amount by monthly annuity payments or by flexible graph. Hide
MFI Report
