A loan of $700 helped to begin selling bed linen.

Manushak's story

Manushak is 40 years old. She lives in Akhaltsikhe District with her sister and niece. Manushak has requested a loan 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 the family’s poor living conditions. According to Credo estimations the family belongs to the subsistence poor category.

Manushak has requested a loan from Credo to start-up a family business. Manushak 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 her credit Manushak will begin selling bed linen. She plans to go to Turkey and purchase bed linen at wholesale prices and then resell among her villagers at a higher price. 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