A loan of $2,300 helped to sell used clothing.

Nana's story

Nana is 49 years old. She lives in Tkibuli District with her husband and two children. Nana requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions. The only source of income for the family is Nana's salary, working at the local municipality.

Nana 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. Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Nana will sell used clothing. She plans to buy used clothing and then resell it among her villagers at a higher price. The 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