A loan of $625 helped to begin a clothing business.

Epemia's story

Epemia is 35 years old. She lives in the Sagarejo District with her husband, daughter and parents-in-law, who are provided with a retirement pension. Epemia has requested a loan from her local financial institutions several times to start up a family business without any success. Her loan requests were rejected each time because of her low income and the family’s poor living conditions.

The family is involved in the poultry business. They have hens and sell eggs at the local markets. Besides, Epemia’s daughter is a tailor and gets orders to sew clothing. It is hardly enough to provide food for the family. According to Credo's estimations, the family belongs in the subsistence poor category.

Epemia requested this loan from Credo to start up a family business. She has been approved for a loan within the framework of the 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 people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With her credit, Epemia will begin a clothing business. She plans to purchase clothing at wholesale prices and then resell the clothes at a higher price. This will increase her family's income. This new business initiative, financed with this Kiva start-up loan, will significantly improve her family's living conditions.

Loan details

Lenders and lending teams

Loan details