A loan of $600 helped to purchase additional materials and equipment for sewing.

Maka's story

Maka is 44 years old. She lives in alone in Rustavi District. Maka is a professional sewer. She has a sewing machine and is working from her house to earn a small monthly income. This is the only source of living for her and she is working as hard as she can to cover her monthly expenses.

Maka requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan requests were rejected all the time, because of low income and her poor living conditions.

Maka requested a loan from Credo to start-up family business. Maka has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With her credit, Maka will purchase additional materials and equipment for sewing. She wants to expand her business. Purchasing more materials and equipment will give Maka an opportunity to work faster and serve more clients. This will significantly increase her income and she will be able to improve her living conditions and cover the monthly expenses.

Loan details

Lenders and lending teams

Loan details