A loan of $3,000 helped to purchase stock for starting a grocery store.


Jumber's story

Jumber is 58 years old and lives in the small village of Tamariani with his wife. The family runs an agricultural business and cultivates family-owned land growing eggplant, cucumbers and maize. The harvested products are sold at the local open market. Jumber also runs a small chemist’s shop and has a monthly income. Several times, he has asked for loans from local financial institutions to start his new business but without success. His loan requests were rejected each time because of income requirements and a lack of experience in new business, which is usually demanded by local credit providers. Jumber’s loan request was approved as part of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit. The program extends soft conditions to the rural poor who do not have access to credit products. They are regarded as “high-risk borrowers” because of their low income. With the received credit, Jumber will cover the costs of purchasing his stock of basic groceries for starting a grocery store. He plans to increase the turnover in his trade business gradually. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Jumber will work hard and he will be able to improve the living conditions for his family. With this loan, his family will generate enough income to access regular available credit products in the country’s capital market, in the event they need it.



Loan details


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Loan details