A loan of $1,000 helped to purchase stocks of detergent powder and sausages for her grocery.


Bela's story

Bela, 45 years old, is married and lives in Tskaltubo district with her husband and a daughter. Bela’s husband works at the local water supply company, where he earns a monthly salary. Bela's main income is her newly-started grocery store. It has been a profitable project, but it also needs more support to further develop. On several occasions, Bela has asked for loans from local financial institutions to develop her business, but has had no success. The loan requests were rejected because of her low income.

Bela’s loan request was approved as part of the new joint initiative through Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions to the rural poor who do not have access to credit products, since they are regarded as “high-risk borrowers” because of their low income. With the received credit, Bela will cover the costs of purchasing needed basic grocery stock that customers often request. She will purchase stocks of detergent powders and sausages as these products are most in demand. Bela plans to increase her business turnover gradually. The new business initiative, financed with the Kiva start-up loan, will significantly increase the family's income. Bela will work hard, and she will be able to improve her family's living conditions. With this loan, her family will generate enough income to access regular available credit products in the country’s capital market, should they need them.



Loan details


Lenders and lending teams



Loan details