A loan of $1,000 helped to purchase clothing for resale.

Nino's story

Nino, 49, is married with a son, who is a student. The family lives in the town of Kobuleti.

Nina has a vocational education. She graduated from the department of trading but does not work in that profession. She works as a nurse at the local kindergarten, and her husband is a mini-bus dispatcher. Both of them earn small salaries. Their total monthly income is approximately $200 (US), which is not enough for a family of three.

Nino used to trade in clothing among people in her neighborhood but her activity stopped due to financial difficulties. She had decided to restart the trading business but found that the family didn’t have enough savings to do so. She requested a loan from Credo. The application was approved under the framework of Credo’s startup program, which enables vulnerable poor people in rural areas to start or restart businesses.

Once she has obtained her loan, Nino will purchase clothing from wholesalers and sell them in her community at a price mark-up. Her regular clients will be her co-workers and neighbors. She will work on special orders as well.

Nino hopes that she will generate revenue to help her family and give them what they need.

Loan details

Lenders and lending teams

Loan details