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Kyrgyz Republic,
76/80, Umetaliev str., Bishkek
+996 (312) 90 04 64
baitushum@baitushum.kg

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Call us:+996 (312) 90 04 64
Депозитные продукты Бай-Тушум
Initiative Zaitunam
Initiative Zaitunam

Kyrgyzstan is known for its Issyk-Kul Lake, the majestic snow-capped mountains and ski resorts. The resort, which is most famous among the skiers, is located in Karakol c. That is why Karakol has a well developed hospitality industry. One of the clients of Bai-Tushum and Partners Karakol branch – Zaitunam Hodjaeva, currently owns a profitable hotel business in Karakol. After retirement, not to be a burden for her children, she started the shuttle trade business. Zaitunam wasn’t young already. So, after building some capital, she decided to try to start a small business in Karakol.

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/ About the Bank / Board of Directors

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Board of Directors

NATALIA GALLIAMOVA,

Chairperson of the Board of Directors

Natalia acts as a Deputy Chairperson of Supervisory Board of the International Court of Arbitration, Bishkek, the arbiter of the International Court of Arbitration, as well as the arbitrator of the International Arbitration Court of the Juridical Center «IUS» since 2002. Since 2003 she works as a Senior Partner, Vice President in Legal Agency LLC «VERITAS», Member of the Chartered Institute of Arbitrators (London) MCIArb, and Chairperson of the Chamber of Tax Advisors.

Ms. Galliamova specializes in civil law, commercial, banking, insurance, tax and housing laws. She has many years of professional experience in corporate governance and securities market, master in economics and finance. Natalia has an extensive practice in representing clients in courts, including international arbitration, as well as experience as an arbitrator.

From 1999 to 2005, Natalia worked as a member of the working groups of the development of ARD / Checchi (USAID) commercial law Project for the preparation of the Commentary to the Civil Code of the Kyrgyz Republic, as well as managing editor of the Commentary to the first part of the Civil Code of the Kyrgyz Republic. In 1998, she was a direct developer of the Law “On Organization of Insurance in Kyrgyz Republic.” In 2001-2005 she was a member of the working groups of the development of ARD / Checchi USAID commercial law Project in drafting the Law of the Republic.

In 2001, Natalia was recognized as the best lawyer in Kyrgyzstan in the contest “Person of the Year”

ELENA NELSON,

Member of the Board of Directors

Ms. Nelson has more than 30 years of experience with broad expertise in financial institution development, commercial banking, micro and rural finance institution operation, training and technical assistance program coordination.

As the Associate Vice President, Rural Finance Specialist of ACDI/VOCA she has:

  • Lead headquarters microfinance specialist responsible for implementing ACDI/VOCA rural and microfinance strategic direction, providing technical leadership and support to programs in 10 countries, providing financial analysis, systems of standard operating procedures, strategic and business planning for financial institution development and transformation.
  • Developed and managed an Internet database for financial institution performance monitoring, for improvement of financial management;
  • Developed a financial institution viability assessment tool, which she has applied as a pro rating tool and TA for financial institution development Malawi, Egypt, South Africa, Central Asia (Kyrgyzstan, Tajikistan),  Azerbaijan, Georgia and Indonesia;
  • Advised on regulatory issues for non-bank financial institution in Kyrgyzstan and Romania.

Ms. Nelson is also highly skilled in agricultural lending and investment project evaluation, with extensive experience in project design and management, international development efforts with international financial institutions; good knowledge of business management; successful experience in technical assistance program coordination.

ZAKIR ABDRASHITOV,

Member of the Board of Directors

Partner of the consulting company with extensive experience in taxation and working with governmental bodies, including tax agencies and law-enforcement bodies, with international investors from CIS and other foreign countries including USA, the Great Britain, Pakistan, and Italy. Zakir also held governing positions in non-commercial organizations to lobby interests of business in the sphere of taxation.

  • Member of the Association of accountants and auditors of KR
  • Member of the Chamber of tax consultants of KR
 

 ASHIMOV TILEK KAARMANOVICH,

Member of the Board of Directors

Since 2009 he acts as the president of Microcredit Agency “Bai-Tushum” Financial Fund. Tilek has 7 years of professional experience as a Chairman of Board of Directors in one of the leading commercial banks – RSK Bank. During his work in RSK Bank, the Bank has experienced the transformation from the company into the bank.

Tilek also gained a great professional experience working in the position of General Director in Financial Company for the support and development of Credit Unions (FCSDCU), Tilek was on roots of micro-lending system creation, he made a significant contribution to this system, through delivery of assistance to credit union system development.

He has work experience in the National Bank of the Kyrgyz Republic as a senior expert on foreign investments and technical assistance.

Tilek has university degree in Economics; he studied in the leading universities of Kazakhstan and Kyrgyzstan. He has graduated from Almaty Institute of National Economy and Kyrgyz National University.

He completed internship in Drezdner Bank AG, Cologne (Germany ) within this program he has participated in career enhancement program for Carl Duisberg Association managers . In 1993 he completed a four-month internship in Commerzbank, Frankfurt.

MICHAEL FIEBIG,

Member of the Board of Directors

Head of Microfinance Equity, responsAbility Social Investments AG, Zurich, Switzerland. Michael heads the microfinance equity team at responsAbility since April 2011, representing the Funds advised by responsAbility on the Boards of a number of investee companies and funds. He has accumulated 14 years of experience in advising, running and investing in retail banking, microfinance and SME lending operations in over 20 countries – with a particular focus on Eastern Europe. From 2006 to early 2011, Michael worked as Investment Director at DFE Partners Switzerland, where he covered equity investments in SME banks and microfinance institutions of the Balkan Financial Sector Equity Fund. During this period Michael served as Board member for four microfinance institutions and banks in Eastern Europe and Russia. Michael holds a Master of Business Administration (Dipl.Kfm.) degree from the Freie Universität Berlin.

ZINA SANYOURA,

Member of the Board of Directors

Main place of work – Blue Orchard Investments SARL. Senior investment manager. Managing the acquired stakes through participation at Board of Directors and various strategic committees to bring the investee institutions to a mature state ready for a trade sale or public offering. Nine years experience in corporate, project, and development finance in emerging markets. Proven track record in leading, structuring, negotiating, and executing debt and equity investment projects.2008 IMD MBA, Lausanne, Switzerland 2005 Chartered Financial Analyst (CFA), CFA Institute.

MICHAEL van den BERG,

Member of the Board of Directors

Currently Michael works for Triple Jump Fund Management, where is the regional manager for the Europe, Caucasus and Asia region.

He has over 12 years of experience in fund management and SME finance in emerging economies. Michael began his career strategy consulting and later as an investment officer for a Dutch bank, specializing in financing wind energy projects. He then spent four years in South East Asia, working as an SME Development Expert for an INGO, and as the regional representative for an investment fund in SMEs specializing in rural energy. He also has the professional skills of analyzing financial systems, risk management, credit scoring of banks and strategic planning.

Michael has a Master’s Degree in International Relations from the University of Twente and an MBA from Nyenrode University, both in the Netherlands, as well as a Postgraduate Certificate in Business and Development from Imperial College, UK. He is a Dutch national and speaks Dutch, English, and German. In 2011 he took a course on “Strategic Leadership for Microfinance”, Harvard (Netherlands).

 
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