A loan of $3,000 helped to rent a grocery store and purchase a stock of goods.

Nino's story

Nino is 57 years old. She lives with her sister and mother in the Batumi District, West Georgia. Nino requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected every time because of low income and the family’s poor living conditions.

Nino works as a sales lady in a grocery store. It makes a total of 250 Laris per month. Her mother is provided with a retirement pension and gets 125 Laris per month. It is hardly enough to buy food for the 3 member family.

Nino requested a loan from Credo to start up a family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Nino will rent the grocery store where she works as a sales lady, and will purchase a stock of goods for resale. She will work hard and do her best to increase the income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family. Nino awaits your support.

Loan details

Lenders and lending teams

Loan details