A loan of $1,500 helped to purchase basic groceries to sell..


Nana's story

Nana is 32 years old. She is married and lives in the small town of Goriwith her husband, retired parents-in-law and two children (5 and 13 years old). Nana’s husband is a soldier and her father-in-law works as a food distributor. Both of the family members get monthly salaries. Nana’s economic activity is a newly started store in a rented commercial place, selling different types of groceries. Her grocery store is not well-stocked, and it needs support to further develop. Several times she has asked for loans from local financial institutions to develop her business, but without success. Her loan requests were rejected each time because of her low income. However, Nana’s loan request was approved as part of the new joint initiative between Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions to the vulnerable poor who do not have access to credit products, since they are regarded as “high-risk borrowers” because of their low income. With this loan, Nana will cover the costs of purchasing the necessary stock of basic groceries that customers often request. She plans to increase the turnover in her trade business gradually. This new business initiative, financed with the Kiva start-up loan, will significantly increase the income of her family. Nana will work hard, and she will be able to improve her family's living conditions. With this loan, her family will generate enough income to access regular available credit products in the country’s capital market, in the event that they need it.



Loan details


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Loan details