A loan of $1,525 helped to purchase a milk cow and two calves.


Aleksandre's story

Aleksandre is 45 years old; he is married, and lives with his wife and 11-year-old son in the village of Sveri. The family runs a small-scale agricultural business and sells the harvested cereal crops which are grown on their own piece of land. The income from the activity is seasonal, and in order to generate a monthly income, Aleksandre is requesting a loan to purchase a milk cow and two calves.

His loan request was approved within the frame of a joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

After purchasing the livestock, Aleksandre will keep them in a shed located in his yard. His wife will produce dairy products with the received milk, and sell them from their house.

The calves will be raised, and after several months they will be sold for a good price. The new initiative will generate income and Aleksandre will be able to improve the standard of living for his family members.



Loan details


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Loan details