A loan of $200 helped to trade used clothing.


Ekaterine's story

Ekaterine is 45 years old. She lives in the Senaki District with her husband and son. Ekaterine requested a loan from local financial institutions several times for her family business start-up without success. Her loan requests were rejected because of low income and the family’s poor living conditions.

The source of the family's income is agricultural activities. In particular they have three milk cows and four calves, whose milk is used in cheese production. They also have a plot of agricultural land, where maize and 200 nut trees are grown. It hardly provides enough food for the family. According to Credo estimations the family belongs in the subsistence poor category.

Ekaterine requested a loan from Credo to start a family business. Her loan request was approved in the frame of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Ekaterine will trade used clothing. She plans to buy used clothing from the wholesalers and then resell at a higher price. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details