A loan of $1,200 helped to trade in used clothing.

Dodo's story

Dodo, 38, lives in Khulo District with her husband and five children. The only source of income for the family is that earned by her husband who works as an inspector at a private company. It is hardly enough for food for them. According to Credo estimations the family belongs to the subsistence poor category.

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

Dodo then requested a 1200 USD start-up loan from Credo. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisions providing start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products, as they are regarded as high-risk borrowers due to low incomes.

With her loan Dodo will begin trading in used clothing. She plans to buy used clothing at wholesale prices and then sell them at retail among her villagers. This will increase the family’s income and will significantly improve their living conditions.

Loan details

Lenders and lending teams

Loan details