A loan of $800 helped to buy children's clothing for starting trading business.


Ekaterine's story

Ekaterine is 40 years old. She lives in the Telavi District of East Georgia, with her husband George, a 20-year-old son and her mother-in-law. Ekaterine’s son is a student and George works as an artisan locally to earn monthly income. Ekaterine works as a saleslady and she gets a small monthly salary as well. The family income is only enough to cover food and everyday expenses. Ekaterine has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, due to low income and family’s poor living conditions.

Ekaterine requested a loan from Credo to start up a family business. Her loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of low income.

With the received credit, Ekaterine will purchase children’s clothing and sell it from the store located at the local fair. She will begin her entrepreneurial activity with a wide assortment of merchandise and high sales volume. This will increase the family's income. She wants to develop her business further and reinvest the increased income in trading. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family. She is grateful in advance for your support.



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Loan details