100%

funded

Total loan: $4,000

Tea

Flag of Georgia
Rustavi, Kvemo Kartli, Georgia / Retail

Tea's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to purchase working materials and open a general store.


Tea's story

Tea, who is 29 years old young woman, lives in Rustavi city with her husband and mother-in-law. The family members are temporarily unemployed and have poor living condition, as getting no income during the month. Tea requested a loan from local financial institutions several times for her trading business startup but without any success. Her loan request was rejected each time, because the creditors did not find the existing family income to be sufficient to approve the loan.

Her loan request was approved in the framework of a joint initiative by Kiva and Credo. The startup loan program envisages provisions for business startups and re-startup credits with soft conditions for the country's rural poor, who, regarded as "high risk borrowers" because of their low income, do not have access to credit products. With the received credit, Tea plans to renovate the place for the store, purchase working materials and open a general store at the good location of town. She will get regular costumers among local people and passer-byes as well.
As a result of the new business initiative, implemented with the assistance of Kiva, the income of the family will increase significantly. Tea will be able to create better living conditions for her family.