A loan of $1,975 helped to begin trading clothes.

Teikar's story

Teikar is a 53-year-old married woman. She lives with her daughter and son-in-law in the Gardabani district.

Teikar has previously requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected each time because of her low income and the family's poor living conditions.

The only source of the income for the family is from agriculture. They have rented a plot of land, where broom trees are grown. With the harvested product the family makes brooms and sells them at local markets. Teikar has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as "high risk borrowers" because of their low income.

With her loan, Teikar will start trading clothes. She will purchase clothes from the wholesalers and then resell at a higher price in her district.

Loan details

Lenders and lending teams

Loan details