A loan of $450 helped to begin buying and selling used clothing.


Nino's story

Nino is 51 years old. She lives in Gurjaani District with her husband, two children, daughter-in-law and grandson.



On several occasios, Nino requested loans from local financial institutions for family business start-ups, each time without any success. Her loan requests were rejected every time because of her low income and her family’s poor living conditions.



The only source of income for the family is her husband's and son's monthly salaries. Both of them work as salesmen. But their earnings provide hardly enough income to put food on the table for the family. According to Credo estimates, the family belongs to the subsistence poor category.



Nino requested a loan from Credo for a start-up family business. Nino has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with lenient 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 incomes.



With the loan proceeds that she is requesting, Nino would like to begin trading used clothing. Specifically, she plans to purchase used clothing from the wholesalers in Tbilisi, the capital city of Georgia, and to then re-sell such clothing in Gurjaani at higher prices. She believes that, by doing so, she will increase her family's income. And in this way, she feels that the new business initiative, financed with the Kiva start-up loan, will significantly improve her family's living conditions.



Loan details


Lenders and lending teams




Loan details