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Aug 4, 2016 12:52 EST

Moldova – Natalia: A loan of $2,900 helps to pay for a tractor.

iCrowdNewswire - Aug 4, 2016

Natalia

Moldova
 
Soroca, Moldova / Agriculture
 
Borrower image
 

Natalia’s story

Natalia is a 30-year-old woman who is married with two children. Her main activity, along with her husband, is agriculture. They farm their own fields along with another field that is leased from relatives. They grow raspberries and summer and autumn apples.

Their tractor is small and does not have enough capacity to meet the demands of their farm, so Natalia needs a bigger tractor that can do all the necessary work.

In order to realize her dream, she requested a loan from Kiva. The purchase of this tractor will help her with her agricultural work and she will not be forced to rely on others, thus saving time and money. 

This loan is special because:

It provides working capital for rural populations to start and grow businesses. 

Kendra Thorogood
Kiva staff 

More about this loan

This loan is part of Priminvestnord’s program of entrepreneurship development in underserved rural areas of Moldova. Priminvestnord offers loan products to a segment of clients and areas not served by any other institution in Moldova. Priminvestnord works closely with the Soroca Business Incubator and will jointly offer technical assistance and support in the training of entrepreneurs and staff.  

By supporting this loan you’re helping Priminvestnord provide new businesses in rural Moldova with access to credit and also giving the borrowers the opportunity to take part in a range of training programs and receive mentoring. 

About MFO Priminvestnord LLC:

Priminvestnord is a small non-bank financial institution located in Soroca, Moldova, that aims to reduce the problem of poverty in Moldova by providing loans for agriculture and rural business development. They offer loans to people who suffer from low wages and limited job opportunities and who can’t get a loan from commercial banks.

Priminvestnord has a high demand for its loans, but lacks financing for them. Kiva funding allows Priminvestnord to increase the variety and supply of its loan products and offer lower interest rates to entrepreneurs.

A loan of $2,900 helps to pay for a tractor.

Contact Information:

Natalia

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