Funded

Total loan: $650
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Elvira

Georgia
Marneuli, Georgia / Fruits & Vegetables

A loan of $650 helped to begin buying and selling fruits and vegetables.


Elvira's story

Elvira is a 51-year-old woman. She lives with her two children in Marneuli district. Elvira is currently unemployed. Her children go to school. There is a high unemployment rate in the region, but self-employment helps its inhabitants to make living.

For this reason, Elvira decided to start a trading business with a loan, but local credit providers usually demand experience and some stable income from the borrowers. Elvira's credit requests were rejected several times, as she was unable to satisfy their requirements. She received this credit within the framework of a joint initiative between Kiva and Credo called the Startup Program, which gives rural poor people the chance to start or re-start businesses.

With this loan of $650, Elvira will purchase stock of fruits and vegetables and then sell them. This will give her a chance to generate income and provide a better future for her children.



Loan details

Loan length:

13 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo