A loan of $675 helped to purchase a milking cow.

Natela's story

Natela is 67 years old and lives in the small village of Vani district. Natela has 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 the family’s poor living conditions.

Natela is actively involved in agricultural activities. In particular, she has a plot of land where nut trees are grown. In addition, she has an agricultural land, where different kinds of vegetables are grown. She sells the harvested products at local markets at a good price. There is hardly enough food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Natela requested a loan from Credo to start up a family business. Natela 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 this credit Natela will purchase a milking cow. After the milking cow is purchased she will be able to produce dairy products for sale. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions for Natela.

Loan details

Lenders and lending teams

Loan details