A loan of $600 helped to purchase second-hand clothes.

Maia's story

Maia is 33 years old. She lives in the capital city of Georgia, Tbilisi, with her 36-year-old husband, George. Maia requested a loan from local financial institutions several times to start-up the family business, but without any success. Her loan request was rejected every time, because of low income and the family’s poor living conditions.

Maia is an English language teacher. She gives private lessons and earns a small, monthly income. Her husband George is an artisan. He carries out private renovation orders and fixes floors.

Maia requested a loan from Credo to start a family business. Her loan request was approved through the new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up credits with soft conditions for people from the country and rural areas that are poor and who do not have access to credit products, and who are regarded as “high risk borrowers” because of their low income. With the credit, Maia will purchase second-hand clothes at wholesale prices to resell for profit. She wants to start trading to earn additional income for the family. With the profits, she will develop the business and purchase more second-hand clothes. Maia hopes her trading will be successful and she will earn a good income for the family to improve their living conditions.

Loan details

Lenders and lending teams

Loan details