A loan of $1,200 helped to renovate the house in order to rent it out.


Lia's story

Lia, 38, lives in the small village of Bughaura, Surami district, with her 43-year-old husband, her retired parents-in-law and 18-year-old daughter. Lia requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions. Lia’s husband is an artisan. He is working on house renovations for private orders to earn a small income for the family. Their additional income is Lia’s parents-in-law’s monthly pensions. Lia requested a loan from Credo to start-up a family business. Lia 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 Lia will renovate the house in order to rent it out. Surami district is a tourist area in summer. It’s popular for its beautiful nature and fresh air, so a lot of families go there for summer vacations. Lia will have the rooms to rent out and earn a good profit. 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