A loan of $2,425 helped to start a glocery store.


Lali's story

Lali is 25 years old. She lives in a small village in the Martvili District with her mother and grandmother who both are provided with retirement pensions. Lali requested loans from local financial institutions several times for her family-business start-up, but without any success. Her loan request was rejected all the time, because of her low income and the family’s poor living conditions.

The source of the income for the family is an agricultural business. Lali has 2 milk cows, whose milk is used to produce cheese products which are sold in their village and nearby villages. Lali also has 5 bee-hives with bee colonies. She harvests the honey and sells it at the local open market. In addition, her mother trades with cereals. Their income is hardly enough for food for a three-member family. According to Credo estimations, the family belongs to the subsistence poor category.

Lali has requested loan from Credo to start up a new family business. Her loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country-residing rural poor, who do not have access to traditional credit products,--they are typically regarded as “high risk borrowers” because of low income. Lali requested credit for the start-up of a grocery store with a sharer. With the requested credit she will purchase grocery products for resale. According to her estimations, her store will work well, as there are no other similar stores. She will attract clients with quality service and a wide assortment of products.

The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details