The Doveriye Credit Cooperative

Doveriye Credit Cooperative
Program Highlights


The first group lending program in Russia

Location: Arzamas & Sergach, N. Novgorod region, Russia
Start-up date: February 28, 1995
Number of clients: 182
Female clients: 89%
Average Clients' Income:
- before the first loan $30
- after the first loan $120
Number of loans: 1,150
Dollars loaned: $394,000
Portfolio size: $65,000
Historical Repayment Rate: 98%
Current Repayment Rate: 92%
Viability: 110%
Methodology: Trust Banks



Hari Srinivas - hsrinivas@gdrc.org
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