A loan of $3,000 helped to purchase a truck.


Emzar's story

Emzar works as an artisan locally and gets a small monthly income. Several times, Emzar has applied for loans from local financial institutions for his business start-up, but without any success. His loan request was rejected each time because of his low income and lack of experience in his new business. The local credit providers usually insist on prior experience in the business.

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

With the borrowed amount, Emzar will purchase a truck. He will be able to provide goods transportation services to local farmers. It will be hard work for Emzar, but, according to estimates, his business will be profitable and will increase the income of the family. He awaits your support.



Loan details


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Loan details