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Microfinance Company “Bai-Tushum and Partners” was established in the form of the closed joint-stock company as a result of transformation of Microcredit Company “Bai-Tushum and Partners” LLC with change of the form of entity. Microfinance Company “Bai-Tushum and Partners” is an assignee of the Microcredit Company “Bai-Tushum and Partners” LLC, which was established in December 2005 according to the plan of commercialization of the Microcredit Agency Financial Fund “Bai Tushum”. In its turn, MCA FFBT was founded by the American non-governmental institution ACDI/VOCA and Swiss non-governmental institution CARITAS in October 2000. For 10 years of successful work Company has accumulated a large positive experience which is actively being applied in its credit activities. This experience has allowed it to achieve the status of one of the leading effective run microfinance institutions not only in Kyrgyzstan but in the Central Asia also. Thus, presently, under the data of AMFI KR and according to the totals of the 1st quarter of 2010 Company holds 25% of the total volume of the Kyrgyz Republic MFIs loan portfolio. Today Company’s loan portfolio continues growing in a stable good quality as well as its clients number. This was conditioned by constant work on improvement of loan products, effective marketing policy and broadening of the branch network. Branch network of the Company is being increased year by year having at its disposal today 7 branches and 40 offices. This allows the Company to promptly render services in all the key and remote regions of the country. It should be noted that loan services are simple and differentiated, among which: loan for business and trade development, production, agriculture, field husbandry, animal breeding, leasing, mortgage, consumer loans and loans for business abroad development.
Success of the Company largely is formed of a competent policy of the top management, for among its clients there are representatives with not only middle but with small income: farmers, entrepreneurs and pensioners. By providing the population with access to microfinance Company helps to improve their life condition. For 10 years of work “Bai-Tushum and Partners” Company has become a truly people’s because presence of the Company in general is concentrated in the remote areas, due to this number of rural residents forms 87, 67%. And number of women borrowers – is 45, 46%. During the whole period attention is being paid to the social activity of the Company. In 2009 Company re-estimated its mission making emphasizing on the social aspect – creation of jobs. Because microcrediting – is a key element in promotion of self-employment, that helps people to launch or expand their business and thereby to create new jobs. Through its programs on loans disbursement there were created quite a lot of jobs in the rural places of Kyrgyzstan. It is estimated that each 450 US Dollars disbursed to the Company’s client in the form of a loan provided or helped to keep a job place to one person. According to its new mission Company makes efforts in contribution of prosperity of the country and improvement of standard of living via rendering access to finance resources in all the regions of the country. In the frame of its social activity there was carried out a range of projects by the Company:
• Company passed to the second phase of the International Labor Organization project “Microfinance for decent work”;
• Company’s activities were estimated by “KIVA” Microfunds that will allow the Company to propose its clients loans with grace and enticing interest rates in 2010.
• There were implemented 6 principles of clients protection. This project was initiated by CGAP and was directed to implementation of principles of protection of clients rights and interests in the Company’s activities.
• There was conducted a rating evaluation of the social activities of the Company. Estimation was held by the international rating agency M-CRIL.
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10 years of successful work allowed the Company to take a leading position on the Kyrgyz Republic market. In the frame of ambitious plans of development Company intends to intensively increase the volumes of crediting, to expand the spectrum of rendered services and improve the institutional potential. One of the important steps in the Company’s development is – rebranding, that reflects the large-scaled internal changes, in the basis of which an active transition into the model of development of client-oriented business lies. This step will allow to correspond at maximum to high requirements of the modern market and to open new horizons of growth remaining at the same time committed to its social mission and values. 
Company, together with “Kiva” Fund has launched a new social-oriented project in Bishkek, Talas, Osh, Djalal-Abad and Naryn branches. In the frame of this project loans are being disbursed to socially-vulnerable segments of people with the grace interest rate for two years period. Till the end of September Company plans to implement the project in other branches. Implementation of the pilot project was carried out with the participation of Sam Trauffer – Kiva Foundation fellow, who came to our country for the purpose of rendering assistance to the Company on implementation of the project. 
