Expired

Total loan: $3,000
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Otar

Georgia
Batumi, Georgia / Clothing

A loan of $3,000 helped to open a clothing shop.


Otar's story

Otar is a 55-year-old married man. He lives with his wife and two sons in the Batumi district of western Georgia. His wife teaches geography at a local public school and earns 360 GEL per month. Their sons go to school. Otar gets orders to paint houses and receives some income. As he does not have a stable income, Otar decided to request a loan and open a clothing shop. The Start Up program, which is a joint initiative with Kiva and Credo, enables him to get a loan of $ 3000 and purchase a stock of clothing. He will also rent a commercial space for the shop. Otar will go to Turkey and purchase clothing at wholesale prices. The Start Up program will be a great support for his family, providing them with additional income.



Loan details

Loan length:

15 months
Disbursed date: August 23, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: October 27, 2013

Lenders and lending teams




Loan details

Loan length:

15 months
Disbursed date: August 23, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: October 27, 2013