Expired

Total loan: $1,200
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Gulinaz

Georgia
Ruisi, Georgia / Clothing Sales

A loan of $1,200 helped to begin trade with clothing.


Gulinaz's story

Gulinaz is a 53-year-old woman. She lives alone in a small village of the Kareli district. Gulinaz is unemployed now. In the region there is a high unemployment rate, but self-employment helps inhabitants to make a living. So, she decided to start a clothing trading business with the loan but the local credit providers usually demand experience and some stable income from the borrowers. Her credit requests were rejected several times, as she was unable to satisfy their requirements. Gulinaz received the credit in the framework of the joint initiative of Kiva and the Credo - Startup Program that gives rural poor people the chance to start or re-start their businesses. With the loan of $ 1,200, she will purchase clothing at a wholesale price and sell them in her community door-to-door. Her regular customers will be her neighbors. She plans to sell a wide assortment and well-priced clothing for men, women and children. It is obvious that the job is hard for Gulinaz, but she is ready to deal with the difficulties and develop her trading business gradually.



Loan details

Loan length:

15 months
Disbursed date: August 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: November 5, 2013

Lenders and lending teams




Loan details

Loan length:

15 months
Disbursed date: August 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: November 5, 2013