A loan of $625 helped to purchase piglets to raise and resell at a higher price.

Mevludi's story

Mevludi is 43 years old. He lives in the small village of Gurjaani District with his wife and two sons. Several times, Mevludi requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and his family’s poor living conditions.

Mevludi does physical work as an artisan and he gets a small, monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category.

Mevludi requested a loan from Credo to start-up a family business. Mevludi has now been approved for a loan within the framework of the new joint initiative between 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 his credit, Mevludi will purchase piglets to raise and then resell at a higher price. 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