A loan of $500 helped to purchase household goods at the wholesale price.


Mariam's story

Mariam is 59 years old. She lives in Khoni district with husband, her 25-year-old son, and her 23-years-old daughter-in-law. Mariam requested loans from local financial institutions several times for her family business start-up, but without any success. Her loan request was rejected every time, because of low income and the family's poor living conditions.

Her family owns an agricultural plot of land where maize is grown. Also they have a milk cow. Mariam is milking the cow to make dairy products and sells them along with the harvested maize at the local markets.

Mariam requested a loan from Credo to start a family business. Her 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-startup credits with soft conditions to rural poor, who do not have access to credit products, being regarded as "high risk borrowers" because of low income.

With the loan Mariam wants to start trading in household goods. She will go to the capital city to purchase stock at wholesale prices, bring it to her village and sell it with the price markup among her villagers. This business will bring good profits to Mariam's family. She plans to reinvest part of the profit in the same business and use another part for providing better living conditions for her family.



Loan details


Lenders and lending teams



Loan details