A loan of $5,000 helped to purchase five milking cows and two calves.

Akper's story

Akper is a 46-year-old, married man. He lives with his wife and two sons in the small village of Sagarejo district. His elder son is a student and another is working locally as a hired worker.

Akper is an artisan and works on building construction. Since the existing income is not enough for his four-member family, he decided to start his own business. All the financial institutions rejected his loan requests because of his unstable financial conditions and his lack of experience.

After several unsuccessful attempts, Akper applied for the credit to Micro Finance Organization Credo (MFO Credo). His request was approved in the framework of a start-up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses.

With the loan of USD 5,000, Akper will purchase five milking cows and two calves. As the cattle are purchased, his wife will start producing dairy products, which will be sold locally, at a good price. This will be additional monthly income for their family.

As the income will be increased, the family will be able to improve their living conditions as well expand the business for the future. With support of the start-up program, Akper will get an opportunity to be involved in his own business and tackle the financial difficulties.

Loan details

Lenders and lending teams

Loan details