A loan of $800 helped to start a retail clothing business.


Ekaterine's story

Ekaterine is 38 years old. She is married and lives with her husband and 2 children in the capital city of Georgia. Ekaterine requested loans from local financial institutions several times in order to start a family business, but without any success. Her loan requests were always rejected, because of her low income and the family’s poor living conditions.

Ekaterine works as a housekeeper and earns a monthly income of 300 Laris per month. This is the only source of income for the family and it is hardly enough to pay for their food. According to Credo estimations, the family belongs to the "subsistence poor" category.

Ekaterine has requested a loan from Credo to start a family business. Her request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides loans with soft conditions to the rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” on account of their low incomes. With the loan, Ekaterine will start a clothing business. She plans to purchase clothing in Turkey at wholesale prices and then resell the clothes to her neighbors at higher prices. This will increase the family's income. The new business initiative, financed with a Kiva start-up loan, could significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details