A loan of $2,000 helped to rent commercial space and start a general store.

Olia's story

Olia is 51 years old. She lives in Martvili district, West Georgia, with her husband Oleg. Olia requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, because of her low income and her family’s poor living conditions.

The family is involved in a small-scale agricultural business. They run a family-owned dairy farm with two milk cows. Olia produces cheese and sells it in the village. In addition, they grow nuts on family-owned land. According to Credo estimations, the family belongs to the subsistence poor category.

Olia has requested a loan from Credo to start up her family business. Her loan request was approved as part of a new joint initiative between Kiva and Credo. The start-up loan program provides credit for business start-up and re-start-up, with fewer conditions, to the country's rural poor. This population is often considered "high risk borrowers" because of low income, and they often do not have access to credit.

With the credit, Olia will rent commercial space and start a general store. She will buy the necessary goods and food to sell, and do some decorations for her general store. Olia hopes that this loan will help her improve her income and thus her financial situation. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details