Funded

Total loan: $650
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Ekaterine

Georgia
Lagodekhi, Georgia / Home Products Sales

A loan of $650 helped to begin a trading business.


Ekaterine's story

Ekaterine is 41 years old and from Lagodekhi district. She lives with her daughter and grandson. Now the family is out of a source of income. In the region there is a high unemployment rate, but self-employment helps inhabitants to make a living. So, she decided to start a trading business with the 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 was unable to satisfy their requirements. She received the credit in the framework of joint initiative of Kiva and Credo - Startup Program that gives rural poor people the chance to start or re-start businesses. With the loan of 650 USD, Ekaterine will purchase household goods at wholesale prices and sell them in her community door-to-door. Her regular customers will be her neighbors. It is obvious that the job is hard for her, but she is ready to deal with the difficulties and develop her trading business gradually. The start-up credit will be a great support for the family, as their income will be significantly increased. Regards to Kiva lenders.



Loan details

Loan length:

15 months
Disbursed date: November 29, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: November 29, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo