A loan of $1,525 helped to purchase 2 milk cows.


Khatuni's story

Khatuna is 49 years old. She lives in Khashuri district with her 22-year-old son and 27-year-old daughter. Khatuna requested loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected every time because of low income and the family's poor living conditions.

Khatuna's son is working as a security guard on a small monthly salary. This is the only source of the income for the family.

Khatuna requested loan from Credo to start up a family business. Khatuna 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 Khatuna will purchase 2 milk cows. She will be milking the cows every day to produce dairy products. The products will be sold at the local markets and among the villagers. Khatuna will work as hard as she can to expand her agriculture and increase the family's income. 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