A loan of $425 helped to purchase fruits and vegetables at the wholesale price and resell it with a retail price markup.


Marekhi's story

Marekhi is 27 years old. She lives in Etseri village, Terjola district with her husband Gaga, and is mother to an infant, Tamar. Marekhi requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time, because of low income and the family’s poor living conditions. The main income for the family is from agricultural activities. They have a milk cow, a plot of agricultural land and a vineyard. The cow is milked to make dairy products. On the land they grow wheat, and the harvested product are sold locally at the markets along with the dairy products. In addition, Gaga is working on construction projects for private orders as an artisan and gets small monthly income. Marekhi requested loan from Credo to start up a family business. Her loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Marekhi will start trading in fruits and vegetables. She will purchase from the market in Terjola at the wholesale price, bring it to her village and sell it with a retail price mark-up. Marekhi is experienced in agriculture and she hopes her business will be profitable. She will use the profit to reinvest in the same business. This will grow monthly income and enable Marekhi to provide better living conditions for the family.



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Loan details