A loan of $300 helped purchase stocks for her store.

Maia's story

Maia is 48 years old. She is married and lives with her husband in the capital city of Georgia. Maia’s husband works as an elevator technician and gets a monthly salary. Maia’s economic activity is a newly started business. In particular, a small store where tobaccos, beverages and different kinds of snacks are sold. Maia requested loan from local financial institutions for the business expansion, but without any success. Her loan request was rejected, because of low income and insufficient experience in her business.

Maia was involved in the same type of business during three years and worked as a saleslady, but the owner decided to stop the business because of financial problems. Maia started her own business, as the project was profitable. Her loan request was approved in the frames of new joint initiative between Kiva and Credo. The start-up loan program envisages provisioning 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 their low income.

With the received credit, Maia will enlarge and develop her store. She will purchase stocks at wholesale prices and sell for a higher profit. The new business initiative, financed with the Kiva Start-up loan will significantly increase her monthly income and Maia will reinvest the received profit in the same business. She awaits your help and kindness.

Loan details

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Loan details