A loan of $1,900 helped to purchase a stock of groceries and open a grocery shop.


Murman's story

Murman is 53 years old. He lives in the small village of Sachkhere District with his wife and 20-year-old son. Murman has requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time because of his low income and the family’s poor living conditions.

Murman is an artisan and works on private orders to renovate houses. Additionally, he is involved in agricultural activities. In particular, he has two pigs and sells piglets. The income is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Murman has now requested a loan from Credo to start-up a family business. Murman has 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 the received credit, Murman will purchase a stock of groceries and open a grocery shop. As the shop is opened, his wife will work as a saleslady and they both will do their best to increase the income of their family. Part of the income will be reinvested in the business. 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