A loan of $325 helped to purchase clothing for resale.

Nino's story

Nino is 22 years old and lives in Georgia's Aspindza district with her parents and two under-aged sisters. The main source of income for the family is the small monthly salary Nino's father earns by working locally as a rescue. Besides that, the family runs a small-scale agricultural business. In particular, they grow nuts and potatoes on the family-owned land and sell the harvested products at the local market.

Nino used to run clothing sales business, but her project has recently stopped because of financial problems. She requested a loan from Credo to re-start a clothing sales business. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program seeks to provide business start-up and re-startup credits with reasonable conditions for the country's rural poor, who do not have access to traditional credit products because they are regarded as “high risk borrowers” due to their low income.

Nino will purchase clothes in the capital city's open market at wholesale prices and resell them in her district for a profit. It will be hard work for Nino, but according to estimates, her business will be profitable because she has enough experience in this field.

The trading business will increase the income of Nino's family, and the profit will be reinvested back into her clothing trading business to enlarge her stock and sales volume. Her family members will be able to increase their spending to satisfy their daily needs and improve their living conditions.

Loan details

Lenders and lending teams

Loan details