A loan of $625 helped to purchase a milk cow and produce dairy products for selling.


Madona's story

Madona is 33 years old. She lives in the Khashuri District with husband Badri and their 2 sons. Madona requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected because of their low income and the family’s poor living conditions.
The only source of income for the family is from agricultural activities. In particular, they have 0.3 acres of agricultural lands, where maize and haricot are grown. They sell the harvested products locally. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.
Madona requested a loan from Credo to start-up a family business. Her loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country’s rural poor, which do not have access to credit products because they are regarded as “high risk borrowers” because of low income. With the received credit Madona will buy a milk cow. After purchasing a milk cow, Madona plans to produce dairy products to sell. This will increase the income of the family. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details