A loan of $1,525 helped to build a shed, purchase chicks, and raise them for selling.


Eka's story

Eka is 38 years old. She is married and lives with her husband, son and cousin. Her cousin is provided with a retirement pension. Eka requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and family’s poor living conditions.

The only source of the income for the family is from the agricultural business. In particular, they have two pigs and sell piglets seasonally. They also have three milking cows, whose milk is used in cheese production. In addition, they have 0.9 hectare agricultural land and vineyard with 1800 wine trees. They harvest grapes and make wine and vodka to sell. It is hardly enough food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Eka requested a loan from Credo to start-up a family business. Her loan request was approved in the frames of the 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 who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Eka will build a shed for chicks. After the shed is built she will be able to purchase chicks, raise them to sell, and 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


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Loan details