A loan of $1,000 helped to start up a used clothing business.

Ekaterine's story

Ekaterine is 31 years old and comes from Kutaisi city. She is married with a school-age daughter.

Ekaterine works as a saleslady at a clothing store located in her city in return for a small monthly wage. Her husband lives and works abroad and the family has irregular money transfers from him.

Unfortunately, their existing income is not enough to cover daily expenses. So Ekaterine decided to start a clothing trading business with a loan. But the local credit providers usually demand experience and some stable income from the borrowers. Ekaterine’s credit requests were rejected several times, as she doesn’t satisfy their requirements. She received the credit in the framework of joint initiative of Kiva and Credo. The Startup Program gives vulnerable poor people the chance to start or re-start businesses.

With the loan of $1000, she will purchase second-hand clothing at wholesale prices and sell it in her community from her house. Ekaterine will offer her customers a wide assortment and well-priced clothing for men, women and children. Ekaterine is ready to develop her trading business gradually and hopes to generate good income. The startup credit will be a great support for the family, as their income will be significantly increased thanks to Kiva lenders.

Loan details

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Loan details