Funded

Total loan: $900
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Inga

Georgia
Tbilisi, Georgia / Clothing Sales

A loan of $900 helped to open a new business selling clothing.


Inga's story

Inga is 41 years old and lives with her mother and four daughters in Tbilisi, the capital of Georgia. She wants to start up a new business and has requested loans from local financial institutions several times, but without any success. Her requests were rejected because of her low income and the family’s poor living conditions. Today the only source of income the family has is Inga's salary, which she earns by working as waitress in a restaurant. She makes 800 Laris per month. This is hardly enough to buy food for the family and explains why, by Credo's estimations, the family belongs in the subsistence poor category.

Inga has requested a loan from a new joint initiative of Kiva and Credo which helps people who are trying to start up a new business. The two organizations provide such loans under convenient repayment terms to help the rural poor. Inga plans to use the loan to go to Turkey to buy clothing from wholesalers and then resell it at a higher price to people who live in her community. This will increase the income of the family and allow it to improve its living standards.



Loan details

Loan length:

14 months
Disbursed date: January 24, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: January 24, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo