A loan of $1,250 helped to begin a new business, selling clothing.

Marine's story

Marine is 54 years old. She lives in Tkibuli District. Marine requested a loan from local financial institutions several times for a business start-up, but without any success. Her loan request was rejected all the time, because of low income and poor living conditions.

Marine works as a housekeeper and gets a small monthly income.

Recently, Marine requested a loan from Credo to start up a business. Her loan request was approved, in the frame of a new joint initiative of Kiva and Credo. The Start-up loan program envisages provision of business start-up and restart-up credits, with soft conditions, to rural poor people, who do not have access to other credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Marine will begin to trade in clothing. She plans to purchase clothing from the wholesalers and then resell at higher prices. This will increase her income, and Marine will be able to improve her living conditions.

Loan details

Lenders and lending teams

Loan details