A loan of $2,500 helped to purchase a cow and a calf.


Giulsanam's story

Giulsanam is 56 years old. She lives in the Gardabani district with her 26-year-old son, her daughter in-law, and two grandchildren. The family earns an income from agricultural activities. They cultivate greens and vegetables on a plot of land and sell their harvested products at local markets to earn a small profit which is rarely enough to feed the family. Giulsanam has requested loans from local financial institutions several times for a family business start-up without any success. Her loan request is always rejected because of her low income and the family’s poor living conditions.

Giulsanam is requesting a loan from Credo to purchase a cow and a calf. She will milk the cow to make dairy products to sell at the market and increase her family's daily income. Giulsanam will slaughter the calf when it is grown and sell the meat to earn additional income. Her loan request was approved within the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor who do not have access to credit products as they are regarded as “high risk borrowers” because of low income. Giulsanam's new business initiative, financed with her Kiva start-up loan, will significantly improve the living conditions of her family.



Loan details


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Loan details