A loan of $3,600 helped to purchase clothing and gifts for resale.

Makvala's story

Makvala is 48 years old. She lives in the Kobuleti district with her husband and three children. Makvala is a tailor and gets a monthly income. As the existing income isn’t enough for five-member family Makvala decided to start a trading business. She has requested a loan from local credit providers to start a business, but her loan requests were always rejected because of lack of experience in a new business.

Her loan request was approved under the guidelines of the new joint initiative between Kiva and Credo. The start-up loan program provides loans for business start-up and re-start up to the country's rural poor, who do not have access to credit. They are often regarded as “high risk borrowers” because of their low income.

With the credit Makvala will purchase clothing and gifts and set up a store. She hopes that her project will be profitable as there is not a similar store nearby. Makvala will gradually increase the sales volume and turnover. The living conditions of her family will significantly improve and they will have enough income to access regular credit products available on the country’s capital market, in case of need.

Loan details

Lenders and lending teams

Loan details