A loan of $625 helped to purchase clothes to sell.

Tinatin's story

Tinatin is 32 years old. She lives in Vani District with husband Gia and two children (10 and 2 years old). Tinatin requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of her low income and the family’s poor living conditions.

The main source of the income for the family is from agricultural activities. In particular, they have a milk cow and a plot of land where nut trees are grown. Tinatin milks the cow to make cheese. Harvested nuts and the cheese are sold locally at the markets. They are refugees, so their additional income is from government institutions.

Tinatin requested a loan from Credo to start a family business. Her loan request was approved in the frames of the new joint initiative between 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 their low income. With the received credit, Tinatin wants to start trading clothes. She will buy at the wholesale price and resell it in Vani district among the villagers with a price markup. She will be reinvesting the profit to develop the business and earn a good income for her family. The increased income will help her to provide better living conditions for her children.

Loan details

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Loan details