A loan of $3,000 helped to buy curtains from Turkey for resale.

Irine's story

39-year-old Irine lives alone with her 13-year-old son in the Kutaisi district. Irine requested 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 her low income and her family’s poor living conditions.

The only source of the income for the family is Irine’s monthly salary. She is working as a accountant assistant.
Irine requested loan from Credo to start-up a family business. Irine has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program helps provide business, start-up, and re-startup credits with soft conditions to rural poor people, who do not have access to credit opportunities. These rural poor people are regarded as “high risk borrowers” because of their low income.

With her credit Irine will trade curtains from Turkey. She will go to Turkey to purchase at the wholesale price, bring the curtains back to her district and sell them among the villagers for a profit. This will give Irine an opportunity to increase her monthly income. With this increased income she will be to improve the living conditions for her family and insure a better life for her son.

Loan details

Lenders and lending teams

Loan details