A loan of $3,000 helped to purchase inventory and a refrigerator for her grocery store.


Nino's story

Nino is from Batumi. She is 40 years old, married, and lives with her husband and 20-year-old daughter. Her husband works as a guard and her daughter is a shop consultant. Both of her family members earn a monthly salary.

She has requested loans from local financial institutions several times for starting a business, but without any success. Her loan requests were rejected every time because of her low income and the lack of experience in the new business, which is usually demanded by local credit providers.

Nino used to have a vet shop, which was stopped because of financial problems. She requested a loan from Credo to start a small business. Her loan request was approved via the new joint initiative between Kiva and Credo. The start-up loan program includes business start-up and re-startup loans with conditions appropriate for the country's rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of their low income.

Nino already has obtained a building for the grocery store in the basement of 5-story building. With the loan, she will purchase inventory, as well as refrigerators for the store and meet her first customers. She will sell a variety of grocery products and is sure that the store will function profitably, as there are no similar stores nearby. The new business initiative, financed with a Kiva start-up loan, will significantly increase the income of the family. The family members will be able to increase their spending to satisfy their daily needs, in order to improve their living conditions.



Loan details


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Loan details