A loan of $2,000 helped to begin trade in the shoe industry.

Salome's story

Salome is 23 years old. She is married and lives with her husband and grandmother. Her grandmother is provided with a retirement pension. Salome and her husband are involved in agricultural activities. In particular, they have a plot of land where watermelon, eggplant, cabbage, and maize are grown. They always have high quality products, which are sold to local retailers at a good price.

Because the family has only seasonal income, Salome decided to start a shoe-trading business and seek credit among local financial institutions. However, her attempts were unsuccessful because of her poor living conditions. The Startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to receive a loan of $2000. With the credit, Salome will purchase a stock of shoes and then resell them at a good price. She plans to go to Turkey and purchase the products at wholesale prices and then resell among her friends and villagers. This will give her a chance to earn income and become financially independent. Thanks to the the Startup program Salome will be able to make savings and provide a better future for herself and her family.

Loan details

Lenders and lending teams

Loan details