A loan of $3,000 helped to renovate a store to rent out.


Taliko's story

Taliko is from the Batumi district. She is 44 years old and lives with her son. The only source of income for the family is the small monthly salary earned by Taliko’s son, working as a hotel administrator. As the existing income is not enough for the family, Taliko has decided to start a new business. She plans to finish renovating a family-owned store and to rent it out for a good price. Taliko has applied for loans from local financial institutions several times, for a business start-up, but without any success. Her loan request was rejected each time because of her lack of experience in the new business, as the local credit providers usually require experience. However, her loan request has been approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up and re-start loans on soft conditions to the country's rural poor, who do not have access to credit products, since they are regarded as “high risk borrowers” because of their low income levels. With this loan, Taliko will repair her store and renovate it properly so that it satisfies the needs of her clients. Taliko hopes her business will be profitable and that this will increase her income and provide her family with enough money to satisfy their daily needs and improve their living conditions.



Loan details


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Loan details