A loan of $300 helped to purchase used clothing and start up a retail business.


Marina's story

Marina is 52 years old. She is a widow and lives alone in Sighnaghi District. The only source of income for Marina is her small monthly salary, working as a servant-maid in a family.

As her income is not enough for everyday expenses and food, Marina decided to start a new business. She has requested a loan from local financial institutions several times for the business start-up, but without any success. Her loan request was always rejected, due to lack of experience in a new business and her low income. Experience is usually demanded by local credit providers.

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, Marina will purchase used clothing and sell it from her house among her neighbors. She will begin her entrepreneurial activity with a wide assortment of merchandise and high sales volume. This will increase her income. She wants to develop her business further and reinvest the increased income in her business. The new business initiative financed with the Kiva start-up loan will significantly improve her living conditions. She is grateful in advance for your support.



Loan details


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Loan details