A loan of $925 helped to begin a clothing business.


Nino's story

Nino is 25 years old. She lives in Bolnisi District with her parents, brother and an infant daughter. Her mother is a teacher at local school and gets a monthly income. Nino requested loan from local financial institutions several times start up a family business, but without any success. Her loan request was rejected all the time, because of her low income and her family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have a milk cow and a calf; the cow's milk is used to produce cheese. Besides, the family owns a plot of agricultural land, where different kinds of vegetables are grown seasonally. It is hardly enough food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nino requested loan from Credo to start up a family business. Her loan request was approved as a part of new joint initiative between Kiva and Credo. This start-up loan program seeks to provide business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Nino will begin a clothing business. She plans to purchase clothing from wholesalers and then resell them at higher price. This will increase the income of her 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