Total loan: $1,800


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Kobuleti, Adjara, Georgia / Food

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A loan helped to purchase basic groceries to start up a grocery store.

Nargiz's story

Nargiz is 46 years old, married, and lives with her husband, mother-in-law and two student daughters in the little town of Kobuleti. Nargiz’s husband works at the local water company and gets a small monthly income. Her mother-in-law is provided with a retirement pension. The existing income is only enough to cover everyday expenses. So, Nargiz decided to start up a grocery store to increase the family income, but she needs financial support to implement her plan. Unfortunately, Nargiz lacks the access to financial institutions to obtain credit for starting a business, as these financial institutions require a stable income and business experience. She received the credit in the framework of a joint initiative of Kiva and Credo. The Start-up Program gives rural poor people the chance to start or re-start businesses. With the loan of $1,800, Nargiz will purchase basic groceries for setting up a grocery store. She will take care of her clients and treat them in a kind and friendly way. With this assistance, she expects to improve her income and increase the turnover gradually. Nargiz will work hard to tackle her financial difficulties and make savings for financing the education of her daughters.