A loan of $900 helped to start trading with clothes.


Ruizan's story

Ruizan is 55 years old. She lives in a small village in Akhali Samgori, Gardabani district with her husband and son. Ruizan requested a loan from local financial institutions several times for 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. The family is out of their source of income at the moment. Ruizan requested a loan from Credo to start-up a family business. Ruizan 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 provisions 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, Ruizan will start trading with clothes. She wants to purchase products at the wholesale price and resell them with the price markup among the villagers to earn some income for the family. Ruizan will work as hard as she can to make her business successful to provide a better life for her husband and son.



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Loan details