A loan of $1,800 helped to purchase used clothing and start up a retail business.


Nino's story

Nino is 46 years old. She is married and lives with her husband, two sons, daughter-in-law and two grandchildren. Nino’s elder son is a soldier, the younger is a student and her spouse is a miner earning a small monthly salary. Nino is a nurse at the local kindergarten. As their income is not enough for everyday expenses and food, Nino has decided to start a new business. She has requested a loan from local financial institutions several times for the business start-up, but without any success. Her loan requests were always rejected, due to her lack of experience in a new business and her low income. Experience is usually demanded by the local credit providers. Her loan request has been approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of their low income. With the credit, Nino will purchase used clothing and sell it from her home among her neighbors. She will begin her entrepreneurial activity with a wide assortment of merchandise and a high sales volume. This will increase her income. She wants to develop her business further and reinvest the increased income in her business. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions for the family and Nino will be able to finance the education of her son in high school. She is grateful in advance for your support.



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