Funded

Total loan: $375
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Badri

Georgia
Matani, Georgia / Clothing Sales

A loan of $375 helped to buy clothing to sell to his customers.


Badri's story

Badri is 40 years old, married and lives in the Akhmeta district with his wife and child. Several times he has requested loans from local financial institutions to start a business, but without any success. His request was rejected each time because of his low income and lack of experience in business. Today his family lives on the small income he earns by working in a factory and his wife earns by working at the local hospital.

Badri is requesting a loan from Credo to go into the business of selling clothing. He is making this request in the framework of a new joint initiative between Kiva and Credo. The start-up loan program is dedicated to helping poor people who live in rural areas get start-up loans to improve their life. This program is targeted at "high-risk borrowers” with low incomes who are trying to improve their lives. Badri and his wife will buy clothes for wholesale prices and resell them in their district for a profit. This will mean a lot of hard work for them, but they both believe that this business will be profitable and increase the family's income. He plans to reinvest his profits in the business to help it grow and prosper.



Loan details

Loan length:

15 months
Disbursed date: December 25, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: December 25, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo