A loan of $3,000 helped to purchase the entire inventory needed for opening a cafe.


Ramin's story

Ramin is 21 years old. He lives in Khulo District with his wife Natia and his parents. Ramin requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of his low income and the family’s poor living conditions.

The family owns a plot of agricultural land where fruits and vegetables are grown. They also have a milk cow which is milked to make cheese. Harvested products and the cheese are sold locally at the markets and family gets a small monthly income.

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

With the received credit Ramin will open a café. He already has rented a place and now he needs to purchase the entire inventory that he needs. The place he rented is in a crowded area so Ramin hopes he will have a lot of clients and earn a good monthly income. With the profit he will improve the conditions of his café. An increased monthly income will give Ramin a chance to provide better living conditions for the family.



Loan details


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Loan details