A loan of $900 helped to sell clothing and bed-clothes.


Tamila's story

Tamila is 29 years old. She lives with her husband in Kutaisi District, West Georgia. Tamila requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and family’s poor living conditions. The only source of income for the family is the small income earned by Tamila’s husband, working as cook locally. That makes in total 250 Laris per month. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category. Tamila requested loan from Credo to start up a family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Tamila will sell clothing and bed-clothes. She plans to purchase clothing and bed-clothes from wholesalers and resell the goods locally. That will increase the income of the family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details