A loan of $3,600 helped to begin trading fruits and vegetables.

Nana's story

Nana is 44 years old. She lives in a small village of the Khobi district with her husband, two children, daughter-in-law and grandson.

Nana requested loans from local financial institutions several times for family business start-ups, but without any success. Her loan requests were rejected all the time because of low income and family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have three milking cows, two calves and a pig. Nana produces cheese products for selling. Besides, they have a plot of agricultural land, where nut trees, bay trees and maize are grown. They sell the harvested products locally at a good price, but it is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nana requested a loan from Credo to start a family business. Nana 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-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, Nana will begin trading fruits and vegetables. She plans to purchase fruits and vegetables at wholesale prices. Nana's son will transport them to buy at higher prices. This will increase their income. 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