A loan of $625 helped to start trading with clothes from Turkey.


Khatuna's story

Khatuna is 34 years old. She lives in Chabinaani village, Akhmeta district with her parents and 13 year old son. Khatuna has requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected every time, because of low income and family’s poor living conditions.

The family owns a vineyard. With the harvested grapes they produce wine and sell it at the local markets to earn a small monthly income. Their additional income is Khatuna’s father’s salary. He is an artisan and works on private orders on house constructions and renovations.

Khatuna requested a loan from Credo to start-up the family business. Khatuna 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 the provision of business start-up and re-startup credits with soft conditions to rural poor, who do not have access to credit products. These poor people are regarded as “high risk borrowers” because of their low income.

With her credit Khatuna will start trading with clothes from Turkey. She will go there to purchase products at the wholesale price, bring it to her village and sell with the price marked-up among the villagers. Khatuna will earn a profit and reinvest it in her business to have better choice to offer to her clients. She will earn an additional income for the family and will be able to provide better a life for them.



Loan details


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Loan details