A loan of $2,000 helped to begin to trade clothing.


Dodo's story

Dodo is 50 years old. She lives in Khobi District with her sister and mother, who is provided with a retirement pension. 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 all the time, because of her low income and the family’s poor living conditions. The only source of the income for the family is the monthly pension of Dodo’s mother. In total, it is 125 Laris per month. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category. Dodo requested loan from Credo to start-up a family business. Dodo has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up 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 Dodo will begin to trade clothing. She plans to purchase clothing in Turkey and then resell it in Khobi district. 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