A loan of $2,400 helped to purchase flour and bran for resale.


Kristine's story

Kristine is from the small village of Mejinistskali. She is 20 years old and married. She lives with her husband, child, parents-in-law and retired grandmother. Kristine’s father-in-law is the only one who earns money in the household; he works as a road constructor for a monthly salary of nearly $90. The family income is very small and hardly enough to cover the cost of food and daily expenses. Kristine has requested a loan from local financial institutions several times in order to start a trading business, but she has not had success. Her loan requests have been rejected because of her low income and her lack of experience, both of which are important criteria for the local credit providers. Kristine's loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up credits with soft conditions to the country's rural poor who do not have access to credit products since they are regarded as “high risk borrowers” because of their low income. With the received credit, Kristine and her husband will purchase flour and bran at wholesale prices and resell them for a profit. Kristine’s husband will work as a salesperson because carrying sacks is a hard job for a woman. The increased profits will be reinvested in the trading business to increase her stock and volume of sales. As a result of the loan, Kristine's family members will be able to meet their daily needs and improve their living conditions.



Loan details


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Loan details