Transcript Слайд 1 - GlobeWomen

Expansion of social and economical
possibilities for women in Kyrgyzstan
Gulnara Shamshieva,
General manager
CJSC MFC “Bai-Tushum and Partners”
The Bai Tushum Experience
 Bai Tushum Overview
 Women in Bai Tushum
 Bai Tushum Ratings
 Social Indicators
 Social Indicators Planned for Women by 2013
The Bai Tushum Experience, Continued
 Group Loans
 Kiva Project
 Impact of Loans on Women – from Group to
Individual
 Protecting the Rights and Interests of
Women
 men
 Lessons Learned
Bai Tushum Overview
 More than 10 years of operations
 More than 100 thousand clients took loans
for the sum of about 150 million USD
 Loan portfolio size of about 50 million USD
 More than 30 thousand clients
 7 branches and 49 representative offices
Bai Tushum Overview, Continued
 Member of AMFI, IBC, MFC and Union of
Banks
 Member of the CGAP international campaign
on clients protection; actively realizes 6
client protection principles
 Adherent of the social finance policy and
corporate social responsibility
Women in Bai Tushum
 Personnel composition is 41% women
 Top-management is 100% women (compared to
35% on average in Central Asia)
 On the Board of Directors, 2 of 5 are women
 Of loan officers, 50% are women (compared to
32% on average in Central Asia)
 Women-borrowers are 44% of client base
Bai Tushum Social Ratings
 “β+” rating for social activities, given by the
international rating agency M-Cril .
 One of the first in Central Asia; received this
rating in the beginning of 2010.
 Rating confirms use of effective
management systems and adherence to
social mission and values.
Social indicators
Rural clients - 88%
Low income clients engaged in agriculture -74%
Client retention -74%
Client satisfaction -72%
Support of creation/maintenance of at least 1 job
for each invested 300 USD
Company offices in rural areas - 53%
Social Indicators Planned for Women by 2013
 Number of women-borrowers - 50%
 Women living in rural areas - 85%
 Low income women (loan <1,500 USD) - 54 %
 Women engaged in agriculture - 66%
 Average size of loan to women - 1, 400 USD
 PAR by women-borrowers - PAR >0 - 1,35% (men-2.8%)
PAR >30 - 1,02% (men-1.8%)
Group Loans
 Women-borrowers – 63%
 Loans for agriculture - 70%, trade, services and
production -2%, consumer loans - 28%
 Group loans as of March, 31 more than 7.5 million
USD
 Training on finance literacy, development of
business-plans and marketing
 KIVA project-Loans with grace interest rate - 15 %
p.a. target group: 80% women-borrowers,Through
April 28, 2011, 286 clients financed
 Kivroject
 K Project
Impact of Loans on Women –from Group to Individual
Agriculture loans
 1st cycle 1-2 head of cattle and several
head of calves
 5th - 6th cycles 90-130 head of small
cattle, 2-5 head of cattle and 2-4 horses
Trade
 1st cycle - goods turnover 1,000 – 1,200
USD
 5th – 6th cycles - goods turnover 5,000 8,000 USD
Protecting the Rights and Interests of Women
 Evaluation of staff candidates includes
consideration of attitudes toward women,
including rural and low income levels
 Regulations on bonus system, oriented to
women: social indicator on women- borrowers
for 2011 – 46%
 6 client protection principles, developed by
CGAP
 Carrying out trainings for staff on gender issues
Lessons Learned
Time to turn the face to socially responsible
microfinance
Women are:
 More disciplined and responsible than men
 Easily unify to groups, for they communicate with each
other
 Lending without collateral favor acquisition of economical
independence from husbands (real estate is in most cases
being registered for men)
 Aimed at improvement of conditions of their lives and
creation of comfort for their families (often they take
mortgage and consumer loans)
Lessons Learned
Women are:
 Women with a low income level, especially in
regions, display considerable energy in aspiration
to earn
 Women start small business from group lending
and each cycle sum of a loan is being increased.
Move of a group borrower to an individual one
with increase of a sum of loan up to 5 000 – 6 000
USD
• Better trainable , the level of financial literacy has
been increased for the last 2 years
“Bai-Tushum and Partners” clients
Thank you
for attention!