A loan of $325 helped to purchase a stock of patterns and sew a wide assortments of bed-clothing.

Nana's story

Nana is 53 years old. She lives in the small village of Dusheti district with her 17-year-old daughter, who goes to school. Nana requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time, because of her low income and the family’s poor living conditions.

Nana works as tailor. She gets orders and sews bed-clothing from home. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence-poor category.

Nana requested a loan from Credo to start-up a family business. Nana 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-start-up 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 Nana will purchase a stock of patterns. After the stock is purchased, she will be able to offer her clients wide assortments of bed-clothing, which will increase her sales and thus the income of her family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details