A loan of $3,000 helped to start up a fast-food cafe.


Nazi's story

Nazi lives in the Kobuleti District. She is 64 years old and lives with her husband, grown son, daughter-in-law, and three grandchildren. The family runs an agricultural business. In particular, they have three calves and a milk cow whose milk is used in cheese products. In addition, Nazi owns a cornfield and a plot of land where nuts are grown. The harvested products are sold at the local open market. Nazi and her husband are provided with a retirement pension.

Several times, Nazi has requested loans from local credit providers, but her loan requests are always rejected because of the lack of experience in new business. Her current loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup 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.

With the received credit, Nazi will start up a fast-food café. She will sell sandwiches, pies, and fizzy drinks. Nazi hopes her business will be profitable and that she will attract many customers since there is no similar café nearby. The profit will be reinvested in the same business and Nazi will be able to improve the living conditions of her family.



Loan details


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Loan details