100%

funded

Total loan: $4,000

Medea

Flag of Georgia
Kutaisi, Imereti, Georgia / Retail

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A loan helped to purchase a stock of toys and open a toy shop.


Medea's story

Medea, a 52-year-old married woman, lives in Kutaisi, west Georgia. She has an unemployed husband and pensioner mother. The family's only source of income is transfers from abroad, which is hardly enough for three family members to satisfy even basic needs.

Medea wants to start her own activity and earn business income for the family. She couldn’t receive a loan from the local financial institutions because of their requirements to have business experience or stable revenue until the Start Up program began, which is a joint product of Kiva and Credo. The program allows poor people like Medea to get a chance to start or re-start a business. With the loan of 4,000 USD, Medea will get the place, purchase a stock of toys and will open a toy shop locally in a good location.

After the store is opened, the family will have a stable income that will enable them to cover everyday costs as well as expand the business in the future. With support of the Start Up program, Medea will get an opportunity to be involved in her own business and tackle her financial difficulties.