A loan of $1,225 helped to purchase two milking cows.


Marina's story

Marina is 52 years old. She lives in a small village of Kaspi District, with her parents-in-law, who are provided with a retirement pension. Marina 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 low income and family’s poor living conditions. Marina works as a cooker, at a local poultry factory. The job pays totally 300 Laris per month. It is hardly enough to buy food for the family. According to Credo estimations, the family belongs to the subsistence poor category. Now, Marina has requested a loan from Credo, to start up a family business. Marina has 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 restart-up credits, with soft conditions, to rural poor people who do not have access to other credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With this credit, Marina will purchase two milking cows. After purchasing milking cows, she will produce cheese products and sell them at local markets. This will increase the income of her family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details