A loan of $5,000 helped to purchase a minibus.

Marina's story

Marina is a 51-year-old woman who lives in the small village of Khelvachauri district. She lives with her mother-in-law, son, daughter-in-law, and two infant grandchildren. Her mother-in-law receives a retirement pension.

Marina is a very hardworking woman who is actively involved in agricultural activities. She has 3 milking cows that she milks every day. She produces cheese products to sell at the local markets. In addition, she has a plot of agricultural land, where different kinds of fruits and vegetables are grown. As the existing income is not enough for her family, Marina decided to request a loan for a new business. All of the financial institutions rejected her loan due to unstable financial conditions and lack of experience.

After several unsuccessful attempts, Marina applied for credit to MFO Credo. Her request was approved in the framework of the Start Up program, which is a joint initiative with Kiva. This program permits the rural poor to start or re-start businesses. A loan of $5,000 will help Marina to purchase a minibus. Once purchased, her son will be able to work on the minibus line and receive a stable income. This will guarantee to improve their living conditions.

Loan details

Lenders and lending teams

Loan details