A loan of $800 helped to purchase a stock of used clothing for resale.


Malina's story

Malina is 61 years old and gets a retirement pension. She lives in the Senaki District of West Georgia with her grown son, daughter-in-law and two grandchildren (three and five years old). Malina’s son is an artisan and earns a small monthly income. In addition the family grows maize on the family-owned agricultural land and sells the harvest at the local open market.

Malina has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, due to her lack of experience in a new business. Experience is usually demanded by local credit providers. Malina requested a loan from Credo to start up a family business. Her loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-start-up credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of their low income.

With the received credit, Malina will purchase used clothing and sell it from her house among her neighbors. She will begin her entrepreneurial activity with a wide assortment of merchandise and high sales volume. This will increase the family's income. She wants to develop her business further and reinvest the increased income in trading. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family. She is grateful in advance for your support.



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Loan details