A loan of $1,300 helped to purchase a truck.


Khatuna's story

Khatuna is 39 years old. She lives in the small village of the Kaspi district District with her son Shmagi. Khatuna has requested a loan from local financial institutions several times for her family business start-up, but without any success. Her loan request was rejected each time, because of her low income and the family’s poor living conditions. The only source of income for the family is Khatuna’s income working as a housekeeper. She makes 200 Laris per month. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category. Khatuna has requested a loan from Credo to start-up a family business. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages provisioning of business start-ups and re-startup credits with easy conditions to country rural poor. They do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit Khatuna will purchase a truck. After purchasing a truck, her son will serve people by transporting cargo. This will increase the income of their family. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details