A loan of $500 helped to purchase clothing for resale.

Marika's story

Marika is 18 years old, married and lives with her husband and an infant daughter. Several times, she has requested loans from local financial institutions for her trading business start-up, but without any success. Her loan requests were rejected each time because of low income and the family’s poor living conditions. The only source of income for the family is the small monthly salary earned by Marika’s husband, who works as a waiter.

Marika requested a loan from Credo to start a clothing sales business. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions the provision of business start-up and re-startup credits with reasonable conditions for the country's rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

Marika will purchase clothes at wholesale prices and resell them in her district for a profit. It will be hard work for Marika, but according to estimations, her business will be profitable and will increase the income of the family. The increased profit will be reinvested in her clothing trading business to increase her stock and sales volume. Her family will be able to increase their spending to satisfy their daily needs and improve their living conditions.

Loan details

Lenders and lending teams

Loan details