A loan of $2,700 helped to purchase a mini-bus for trade business (fruits & vegetables).

Parukh's story

Parukh lives in the small village of Bonisi District. He is married and lives with his wife Samira and mother. Samira is a housewife. Parukh is at the moment unemployed. The only source of income for the family is the monthly pension of Parukh’s mother and a small income from a family owned dairy farm of two milk cows, whose milk is used in dairy products that are sold locally.

Parukh requested credit to start his own business and increase the monthly income for his family. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Parukh will purchase a mini-bus, which will be used for selling fruits and vegetables. He will purchase products from farmers at wholesale prices and sell them in nearby towns for a higher price. The income of the family will increase and they will be able to improve the living conditions of the family. Along with the above mentioned, the family will have enough income to access regular credit products available in the country’s capital market, if needed.

Loan details

Lenders and lending teams

Loan details