A loan of $1,225 helped to purchase used clothing for resale.


Lali's story

Lali is 45 years old. She lives in the Lagodekhi District of East Georgia with her husband, who works as a frontier guard and gets a monthly income. Lali grows ornamental plants on the family-owned land, such as: box trees, fir trees and cypress. She sells ornamental saplings at the local open market.

She has requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected, due to lack of experience in a new business. Experience is usually demanded by local credit providers.

Lali requested a loan from Credo to start up a family business. Her loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program envisions providing business start-up and re-startup credits with easier conditions for the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of low income.

With the received credit, Lali will purchase used clothing and sell it from her house among her neighbors. She will begin her entrepreneurial activity with a wide assortment of merchandise and high sales volume. This will increase the family's income.

She wants to develop her business further and reinvest the increased income in trading. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family. She is grateful in advance for your support.



Loan details


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Loan details