A loan of $600 helped to buy bed clothes to sell..


Nino's story

Nino is 35 years old. She lives in Gori with her two daughters. Nino has requested a loan from several local financial institutions in order to start a family business. However, she has not had success. Her loan requests were rejected because of the family's low income and poor living conditions.

Nino’s mother lives in Italy and sends shoes to Nino to sell. This is the only source of income for the family, and it is hardly enough to provide food for the family. According to Credo estimations, the family belongs in the subsistence poverty category.

Nino has requested a loan from Credo to start a family business. Nino has now been approved for a loan within the framework of a new joint initiative of Kiva and Credo. The start-up loan program provides business start-up credits with soft conditions to rural poor people and those who do not have access to credit. These rural poor are regarded as “high-risk borrowers” because of their low income.

With this loan, Nino will buy bed clothes to sell. She plans to go to Turkey and purchase the bed clothes from wholesalers and then resell the bedding at higher prices. This will increase the income of the family. This new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details