The irrigation system in Kyzyl-Bulak was reconstructed with financial support of the Bank “Bai-Tushum and Partners”
31.05.2013
In May 23, 2013 the solemn ceremony of putting into operation of the reconstructed irrigation canal took place with participation of representatives of the Bank, local administration and elders of the village in Kyzyl-Bulak village of Batken oblast.
In the village are more than 780 households which are mainly occupied with agricultural, cultivating of fruits and vegetables. However, due to destroyed state of trays people of the village were able to irrigate just 140 hectares of sowing lands which annually brings to loss of about 100 ton of apples, wheat and corn.
The new irrigation canal, for reconstruction of which was allocated 560 000 KGS by the Bank “Bai-Tushum and Partners”, allow to irrigate in full about 185 hectares sowing lands and gather good harvest without losses. Water has already started in canal and in this year local people forecast increasing of harvest which comes to improvement of financial prosperity of more than 4000 people of the village.
Today the Bank “Bai-Tushum and Partners” already financed and successfully completed 7 social projects in Talas, Chui, Jalalabat, Naryn, Batken and Osh oblasts for total amount more than 4,1 mln. KGS. The Bank will continue financing of social significant projects promoting development of economic potential and social infrastructure, and moreover providing of water access in regions.
About the Bank “Bai-Tushum and Partners”
«Bait-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.
