A loan of $5,000 helped to purchase building materials to renovate her salon.

Maka's story

Maka is 35 years-old, married and lives with her husband and 13 year-old son in littoral city-Batumi.

Maka’s husband is a mini-bus driver and gets a monthly income. Maka runs a beauty salon and has 13 years of experience in this business. She works as a hair stylist. Her salon has been profitable but it needs more support for further development. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions the provision of a business start-up and re-start-up credits with reasonable conditions for the country's rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of low income.

Maka wants to purchase building materials to renovate her salon. She will also needs modern inventories and to employ an additional stylist.

According to her estimates, the business will be profitable and will increase the income for her family. The increased profit will be reinvested in the same business. Her family will be able to increase their spending to satisfy their daily needs and improve their standard of living.

Loan details

Lenders and lending teams

Loan details