Total loan: $3,000


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Podaani, Kakheti, Georgia / Food

Manana's loan finished fundraising,
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A loan helped to start up a grocery store.

Manana's story

Manana, 48, is married and lives with her husband and two children in the village of Podaani in East Georgia. The family grows watermelons and eggplants on their farm. Manana sells their produce with help from her son. Her husband works daily and helps out local farmers.

Manana works hard to ensure her children get a good education. The family’s income, though, is not enough to cover required tuition fees for Manana’s daughter, a high school graduate who wishes to attend university. So Manana decided to start up a grocery store in front of her house but found she didn’t have enough money to do so.

Unfortunately, Manana was unable to obtain a loan from existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Manana has now received her loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products.

With a loan of 3000 USD Manana will purchase building materials and renovate the space in front of her house so she can set up her grocery store. She will also buy groceries to stock it. Manana will care for her clients and treat them in a kind and friendly way. With this determination and her loan she expects to improve her income and give her daughter a university education.