A loan of $2,100 helped to purchase clothing to resell.

Manana's story

Manana is 46 years old. She lives in Kutaisi District with her husband, 2 sons, daughter-in-law and an infant child. Manana requested a loan from local financial institutions several times for her family business start-up, but without any success. Her loan request was rejected each the time because of her low income and the family’s poor living conditions.

Manana works as a sales lady in a clothing store. She makes 250 GEL per month. It is hardly enough for food for her family.

Manana requested a loan from Credo to start-up a family business. Her loan request was approved in the frames of new joint initiative of Kiva and Credo. This start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With this loan, Manana will purchase clothes in Turkey for wholesale prices and resell them in her store for a profit. It will be hard work for Manana, but according to estimates, her business will be profitable and will increase the income of the family. The increased profit will be reinvested in her business to increase her stock and sales volume. The family members will be able to earn some savings and buy their own house. Manana awaits your support.

This new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details