A loan of $925 helped to purchase calves.


Roman's story

Roman is 40 years old. He lives in Bolajuri village in the Adigeni district with his wife. Roman requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. They have milk cows and a plot of land. The cows are milked every day to produce dairy products, and on the land potatoes are grown. Harvested products along with the dairy products are sold at the local markets and among the villagers.

Roman requested a loan from Credo to start up a family business. He 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 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 his credit Roman will purchase calves. He will grow calves for a couple of months and then sell them at a higher price. This new business will give him an opportunity to earn a good profit. Roman is a very hardworking man and he wants to use part of the profit for his agricultural activities in order to expand more. This 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