A loan of $3,600 helped to purchase a car and rent it out.


Mariam's story

Mariam is 35 years old. She lives in Tbilisi, the capital city of Georgia with her husband. Mariam 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 her family’s poor living conditions. Mariam trades used clothing. This is the only source of income for their family. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category. Mariam requested a loan from Credo to start-up a family business. Mariam 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 the received credit, Mariam will purchase a car and rent it out. This will increase the income of their family. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details