A loan of $1,200 helped to purchase coffee and a coffee grinder.


Nana's story

Nana is 42 years old, married and lives in Tbilisi with her husband and three children (11,17 and 21 years old). The younger children go to the local school. Nana’s economic activity is a newly started small store, where she sells different kinds of fruits and vegetables. Nana requested a loan from local financial institutions to expand her business, but without success. Her loan request was rejected because of her low income and insufficient experience in her business.

However, her loan request was approved through a new joint initiative of Kiva and Credo. The program provides start-up and re-startup credits with soft conditions to the country's rural poor. These people do not have access to traditional credit products, being regarded as “high risk borrowers” because of low income. Nana requested a loan purchase coffee grinder and coffee. She will sell coffee and offer grinding services to her clients. Nana plans to increase the turnover in her trade business gradually. This will raise the income of the family, which she will use to improve the family’s living conditions and finance the education of her child. She awaits your support.



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Loan details