A loan of $3,000 helped to open a beauty salon.


Pati's story

Pati is 50 years old. She lives in Kutaisi District, East Georgia. Pati requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of her low income and her family’s poor living conditions.

Pati works at local beauty salon as a cosmetician and gets a monthly income.

Pati requested a loan from Credo to start a business. Her loan request was approved in the frames of a new joint initiative of Kiva and Credo. The start-up loan program envisages 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 low income.

With the received credit, Pati will open her own beauty salon at her house. She will purchase all the instruments and furniture. As she has been working for 15 years as a cosmetician, she has many customers. This will increase her income to serve clients at her home. 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