A loan of $1,300 helped to begin trading in vegetables.

Eldar's story

Eldar is 66 years old. He lives with his mother in a small village in Sagarejo district. His mother is provided with a retirement pension. Eldar has a car and serves local people as a taxi driver. As his income is not stable, Eldar decided to begin an additional business and seek credit among local financial institutions. His attempts were unsuccessful because of his poor living conditions.

The Start-up program, a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of $1300.

With the received credit, he will begin trading in vegetables. He will purchase stocks of groceries and transport them to different villages to resell. This will give him a chance to generate additional income and improve his living conditions.

This credit will be a great support for the family. Eldar is thankful to Kiva Lenders for giving him a chance to generate income.

Loan details

Lenders and lending teams

Loan details