A loan of $1,900 helped purchase mini-bus to trade fruits and vegetables.


Khatuna's story

Khatuna is 45 years old. She lives in Samtredia District with her family: husband – Zviad, 19-year-old daughter, 18-year-old son, and mother-in-law. Khatuna’s son goes to school and her daughter plans to enter high school next year. Khatuna works as a saleslady in a village store. She spends the whole day in the store and her monthly salary equals to 200 Laris. Zviad takes care of a milk cow owned by the family. The dairy products are mainly consumed by the family and the surplus is sold in the village. The total average monthly income of the family is 400 Laris, including the pension of Khatuna’s mother-in-law. According to Credo estimations, the family belongs to the subsistent poor category.

Khatuna requested credit to start-up a trade business. Her loan request was approved in the framework of a new joint initiative from Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credit on soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit, Khatuna will purchase a mini-bus to trade greengrocery products. Zviad will lead the business. He will purchase various greengrocery products from local farmers at wholesale prices and sell them in nearby towns with a price mark-up. The new business initiative will increase the monthly income for the family by 300 Laris, which will mean a 75% increase. The living conditions for the family will improve and in the future they will have enough income to access regular credit products available on country’s capital market, in case of need.



Loan details


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Loan details