“Bai-Tushum and Partners” Bank took part at celebration of 50 years anniversary of ACDI/VOCA

24.06.2013

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On 18th of June, ACDI/VOCA celebrated 50 years anniversary of successful work in 146 countries of the world. Hundreds of partners, experts and volunteers of ACDI/VOCA from the entire world had gathered in Washington to celebrate this important event and to summarize outputs and results of successful co-operation.

“Bai Tushum and Partners Microfinance bank Closed joint-stock company has been working in the market of micro lending since 2000, having begun the activity in 1997 as the international project within the “Food for Progress” monetization program carried out by the ACDI/VOCA, the USA NGO. Over this period the Company has experienced transformation from Microcredit Agency to the Closed Joint-Stock Microfinance Bank ”Bai Tushum and Partners. I would like to note that the main factor led to the success of not only Bai Tushumand Partners but also of all the fellow subsidiary micro- financial organizations in Kazakhstan, Tajikistan, Azerbaijan and Afghanistan – it is co-operation and support rendered by ACDI/VOCA throughout the duration of all these years” – noted General Manager of “Bai Tushum and Partners” Bank, Gulnara Shamshieva in her congratulatory speech.

Video with official ceremony of opening and congratulations of partners you can watch here http://youtu.be/kdq1bH4qMLk .

On the website www.acdivoca.org You can find photos and materials from the anniversary, as well as information about history, activity and partners of ACDI/VOCA

Reference information:

ACDI/VOCA is private, non-commercial organization which promotes broad economic growth, raising of living standards in countries with low income countries and developing democracy. The activity of ACDI/VOCA includes wide range: from questions of food supply security and poverty reduction up to access to financial services and market integration.

About the Bank “Bai-Tushum and Partners”

«Bai Tushum and Partners» was founded in 2000 by the American international organization of development ACDI/VOCA. In November 13, 2012 “Bai-Tushum and Partners” became the first microfinance organization in the Central Asia obtained full banking license from the National Bank KR. For 12 years activity the organization became the one of the large microfinance institutions in the Kyrgyz Republic with total assets of 100 million US dollars. Today, Microfinance Bank “Bai-Tushum and Partners” entered to six large banks of the Kyrgyz Republic, serving of more 30 thousand clients.