A loan of $650 helped to set up a store.


Raisa's story

Raisa, 24 years old, lives with her husband and infant child. Several times, Raisa has requested loans from local financial institutions for her trading business start-up, but without any success, each request rejected because of low income and lack of business experience. The only current source of income for the family is the small monthly money transfer sent by Raisa’s mother, who works abroad to help the family.



Raisa’s loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of a business start-up, and re-startup credits, with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.



With the received credit Raisa will set up a small store to sell carpets, curtains and various household items. She will purchase items at wholesale prices and resell them in her store for a profit. It will be hard work for Raisa, but according to estimations, her business will be profitable and will increase the income of the family. Profits will be reinvested in trading to increase her stock and sales volume, and the family will be able to improve their living conditions. Raisa awaits your support.



Loan details


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Loan details