A loan of $625 helped to begin trading in clothes.

Marekhi's story

Marekhi is 26 years old. She lives in the small village of Chiatura District with her husband and father-in-law. Marekhi had requested for a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected every time due to her low income and her family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a milking cow and a pig. Marekhi milks the cow and produces cheese products. While they sell cheese and piglets at a good price, it is hardly enough to buy food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Marekhi had requested for a loan from Credo to start a family business and 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 his credit Marekhi will begin trading in clothes. She plans to purchase clothes at wholesale prices and then resell at higher prices. 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