A loan of $800 helped to start a trading business.


Koba's story

Koba lives in the Khobi District. He is 36 years old and lives with his wife, son, two brothers, and parents. According to the government's estimations, the family belongs to the 'vulnerable poor' category and they get monthly social assistance.

The family runs a small-scale, agricultural business. In particular, they have five horses, two pigs, and several turkeys. In addition, they own a plot of land where nuts and maize are grown. Koba sells the harvested products, seasonally.

Several times, Koba has requested loans from local credit providers, but his loan requests are always rejected because of the lack of experience in his new business.

His current 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 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 their low incomes.

With the received credit, Koba will start a trading business in his village. He will purchase, at wholesale prices, hygienic products, such as detergents and soaps, and resell them for a profit. Koba hopes his business will be profitable and he will be able to increase the income for the family. The profit will be reinvested in the same business and Koba will be able to improve the living conditions of his family.



Loan details


Lenders and lending teams



Loan details