A loan of $5,000 helped to renovate a commercial space and open a clothes shop.

Aiten's story

Aiten is 36 years old. She lives in Marneuli District with her parents. Aiten 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 low income and the family’s poor living conditions.

Nowadays, the family is out of a source of income. According to Credo estimations, the family belongs to the subsistence poor category.

Aiten 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, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Aiten will renovate a commercial space and open a clothes shop. After the commercial space is renovated, she will purchase clothes. Aiten hopes that this business will be profitable; she will do her best to satisfy the needs of her clients.

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