A loan of $1,200 helped to purchase clothing and bed linens for resale.

Sveta's story

Sveta is 42 years old and lives in Marneuli District with her 14-year-old daughter. Sveta requested loans from local financial institutions several times for a family business start-up but without any success. Her loan request was rejected each time because of low income and family’s poor living conditions.

Sveta has no source of income. According to Credo estimations the family belongs to the subsistence poor category.

Sveta requested a loan from Credo to start up a family business. Sveta 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 this credit, Sveta will purchase clothing and bed linens to resell. She plans to go to Turkey and purchase clothing and bed linens at wholesale prices and then resell among her villagers. She has no experience but is a very hard-working woman and will do her best to earn money. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of her family.

Loan details

Lenders and lending teams

Loan details