A loan of $1,200 helped to begin a trade in clothing.


Ana's story

Ana is 25 years old. She lives in Samtredia District with her husband, 2-year-old son, and grandmother, who is provided with a retirement pension. Ana 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 has no source of income. According to Credo estimations the family belongs to the subsistence poor category.

Ana requested a loan from Credo to start up a family business. Ana 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 Ana will begin a trade in clothing. She plans to purchase clothing from the wholesalers in Turkey and then resell at higher prices in Samtredia District. 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