A loan of $3,500 helped to purchase clothing to start a second-hand clothing business.

George's story

George is 29 years old and is married with two daughters. He lives in the town of Kutaisi with his father and his family and he works as a distributor for a private company. As his income is not enough to support his five-member family, George is requesting a loan to start up a business. His request was approved within the framework of a new joint initiative of Kiva and Credo that provides loans with soft credit conditions to the rural poor, who do not have access to lines of credit as they are regarded as “high risk borrowers” because of their low income.

George is requesting a loan to start a second-hand clothing business. He will purchase second-hand clothing from wholesalers abroad and sell them in his community. According to George’s estimations, his project will be profitable and he plans to reinvest the profit from his loan back into his business. He hopes that his family's income will increase and their living conditions will improve. In addition to the above, in case of future need, George's family will have enough income to access regular credit lines available through the country’s capital market.

Loan details

Lenders and lending teams

Loan details