A loan of $500 helped to begin buying and selling fruits and vegetables.


Kristine's story

Kristine is 33 years old. She lives in the small village of Abasha District with her husband and five children. Kristine requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions.

The only source of income for the family is from the agricultural activities. In particular, they have a pig and a milk cow, whose milk is made into cheese products. Besides that, they have a 1.3 hectare plot of agricultural land, where maize is grown. They sell piglets, cheese and harvested maize at local markets. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Kristine requested a loan from Credo to start-up family business. Kristine 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 the received credit Kristine will begin to buy and sell fruits and vegetables. This will increase the income of their family. The 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