Total loan: $1,050


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Koki, GA, Georgia / Clothing

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

A loan helped to begin selling clothes.

Lali's story

Lali is 25 years old and lives in the small village of Koki, which is in the Zugdidi district. She has a five-member family including her infant son, and they lack significant income to live on. The family belongs to the subsistence poor category and lives in poverty. It gets social assistance from the local government and, apart from this, they have a small farm. They own nut trees, three cows and a pig, and sell cheese and grown pigs at the local market. Lali has a great desire to do her bit for her family's welfare, and to somehow increase its income. To realize her plans she requires financial support and has requested a loan from Credo to start a trading business. Her loan request was approved within the framework of a joint initiative by Kiva and Credo. The start-up loan program provisions business start-ups and restart-up credits with easy terms for the country's rural poor, who are regarded as "high risk borrowers" because of their low income, and lack of access to credit products. With this loan, she will start selling clothes, and her husband will help her. They will buy clothes from Tbilisi at wholesale prices, and sell them in nearby towns for a markup. This new business initiative, financed with the Kiva start-up loan, will significantly increase the family's income. Their income will double, and the family members will be able to improve their living conditions.