A loan of $550 helped to purchase piglets.


Gogia's story

Gogia is 69 years old. He lives alone in the Sagarejo District. Gogia has requested several previous loans from local financial institutions for his family business start-up without any success. His loan request has been rejected many times because of his low income and his family’s poor living conditions. One source of income is his monthly salary working as a watchman, additionally he is provided with a retirement pension. Gogia is requesting a loan from Credo to start-up his family business. He will use his loan to purchase piglets to start an animal husbandry business. He will put the piglets in a shed in the yard and raise and sell them for a higher price. Gogia's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages business start-up and re-startup credits with soft conditions for country rural poor who do not have access to credit products. They are regarded as “high risk borrowers” due to their low income. Gogia's new business initiative, financed with his Kiva start-up loan, will significantly improve his living conditions.



Loan details


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Loan details