A loan of $1,225 helped to purchase clothing to offer for sale.

Patman's story

Patman, age 37, is a dairy farmer. She lives in Chiatura District with her mother. She has requested loans from local financial institutions several times in order to start up a family business, but without any success. Her loan requests were rejected because of low income and the family’s poor living conditions.

The only source of the income for the family is from the dairy business. They have have three milk cows. Patman milks the cows, produces cheese, and sells it locally at the open market at a good price. Her mother is provided with a pension that brings them 125 Laris per month, which is not enough to provide food for the family. According to Credo estimations, the family belongs to the "subsistence poor" category.

Patman has requested a loan from Credo in order to start up a family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages the provision of business start-up and re-start-up credit with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Patman will begin trading on clothing. She plans to purchase clothing in Turkey from wholesalers and sell these items among the villagers as well as in the nearby villages. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details