A loan of $1,525 helped to purchase a milking cow and sheep.

Manana's story

Manana is 51 years old. She lives in the small village of the Sachkhere district with husband and two sons.

Manana has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of low income and the family’s poor living conditions.

Manana’s husband and son are working as truck drivers and get a small monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Manana requested a loan from Credo to start 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, who do not have access to credit products, being regarded as high risk borrowers because of low income.

With the received credit, Manana will purchase a milking cow and sheep. After purchasing the livestock, Manana will be able to produce dairy products for selling. 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