A loan of $925 helped to purchase a car, her husband to use it as Taxi.

Nanuli's story

Nanuli, age 40, is involved in a family agricultural business in Mtskheta District, where she lives with her husband and their 24-year-old son. The sole source of income for the family is the agricultural business. They have a milk cow and produce cheese from its milk, which they sell on the open market in the capital city.

Nanuli and her husband decided to start a new business, as their existing income is not enough to adequately provide for the family. With the loan funds, Nanuli will purchase a car and her husband will serve the local people as a taxi driver. They also will use the car in trading, which will save them the transportation costs of transporting their dairy products. Their overall income will increase and they will be able to improve the living conditions of the family. In addition, the family will have enough income to access regular credit products available in the country’s capital market in case of need.

Nanuli's loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provisions of business start-up and re-start-up credits with soft conditions to the country's rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes.

Loan details

Lenders and lending teams

Loan details