A loan of $1,200 helped to begin a clothing business.


Mtvarisa's story

Mtvarisa is 52 years old. She lives in the small village of Khobi with her husband and daughter. The family is involved in agriculture, and has a milking cow and two calves. She milks the cows every day and produces dairy products for sale. They also have a hectare of agricultural land, where they have 250 nut trees and 300 mandarin trees. They sell the harvested products at a good price. Because their income is seasonal and not enough for the family, Mtvarisa has decided to start her own business. She has sought credit from local financial institutions, but her attempts were unsuccessful because of her poor living conditions. This startup program, which is a joint initiative between Kiva and Credo, enables rural poor people and inexperienced entreprenneurs to get a loan for starting or re-starting a businesses. Her application was approved under the framework of this program to get a loan of $1,200 to start a clothing business. She plans to purchase clothing at wholesale prices and then resell it at higher retail prices. This will increase her income and allow her to improve the living conditions of her family.



Loan details


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Loan details