Financial Fund “Bai Tushum” was established American organization ACDI/VOCA, which has been a non-commerce private institution, carrying out its activities in 47 countries of the world on rendering of assistance in development of agriculture and Swiss organization CARITAS (since 1995 till 2000 carrying out its activities in the Kyrgyz Republic on rendering of assistance in development of agriculture in Jalalabad region).
Financing was accomplished by the Department of Agriculture of USA and government of Switzerland in the framework of USAID and SDC project, realized by ACDI/VOCA and CARITAS in the Kyrgyz Republic. Fund has experience in disbursement of microloans not only since 2000 but since 1997 when Founders of the Fund started this activities in Osh, Jalalabad and Chui regions of the Kyrgyz Republic in the frame of international projects. According to the plan of strategic development a concept and plan of “Bai Tushum” Fund’s transformation into a commercial structure with a right to receive deposits – into a microfinance company was worked out. In this case transformation means creation of a new commercial structure by the Fund. In December 2005 “Bai Tushum” Fund established the Microcredit “Bai Tushum and Partners” Limited Liability Company. In February 2006 re-registration of MCC “Bai Tushum and Partners” LLC took place due to increase of capital stock. ∙ ACDI/VOCA - is a private non-profit organization, established and acting according to the legislation of Illinois state of the United States of America, organized and functioning in charity, education and scientific purposes, as well as, more particularly, devoting its work to rendering of technical, financial and managerial support to development of agriculture and entrepreneurship connected with farming all over the world, registered in July 12, 1963 by the Secretary of State of Illinois state, legal address: 1000 Potomac Street , NW ( Suite 400), Washington , DC 20007, тел.: (202) 625-1800.∙ CARITAS - Switzerland (Swiss organization on development and cooperation «CARITAS»), non-profit institution, established and acting according to legislation of Switzerland Federation, organized and functioning in charity purposes and registered by the General Swiss commercial registrar in February 18, 1929, legal address: Loewenstrasse 3, 6002 Lucerne, Switzerland , тел.: (4141) 419-22-22. |
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09.09.2010 Company congratulates all the Kyrgyzstan people on the forthcoming Orozo Ait holiday!
Please accept our most sincere congratulations on the holy feast Orozo Ait! Sincerely wish you happiness, welfare, prosperity, endurance, mutual respect, spiritual and personal growth. May joy come to each home and peace and mutual understanding reign in all the families!
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28.08.2010 Company carries out a rebranding process
 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. |
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28.08.2010 Company’s staff cordially congratulates all the Kyrgyz people on the forthcoming Kyrgyz Republic Independence Day holiday!
Please accept our most sincere congratulations on the forthcoming holiday – Independence Day of the Kyrgyz Republic!
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26.08.2010 Company, together with “Kiva” fund has introduced a new social-oriented project
 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.
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03.08.2010 The EBRD has provided the first tranche of KGS 67.5 million to “Bai-Tushum and Partners” Company as part of the agreement, signed in March, 2010
The EBRD is providing KGS 67.5 million to the Micro Finance Company “Bai-Tushum and Partners” for on-lending to micro and small enterprises (MSEs). Today the Bank has disbursed the first of two equal tranches under a KGS 135 million (equivalent of USD 3 million) loan agreement signed in March 2010.
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