A loan of $600 helped to begin trading with clothing and household goods.


Madona's story

Madona is 49 years old. She lives in Tbilisi, the capital city of Georgia. She works as a waitress at a local restaurant and earns a small monthly income. Madona requested loans from local financial institutions several times for a family business start-up but without any success. Her loan requests were rejected each time because of low income and her family’s poor living conditions.

Madona requested a loan from Credo to start up a family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to the country's rural poor. They do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Madona will trade with clothing and household goods. She will go to Turkey and purchase clothing and household goods from the wholesalers and then resale them in Tbilisi. 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


Lenders and lending teams



Loan details