A loan of $325 helped to purchase an oven to bake cakes.


Ekaterine's story

Ekaterine is 38 years old. She lives in Martvili District with her husband and three children. Ekaterine 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 the family’s poor living conditions. The only source of income for the family is from agricultural activities. In particular, they have a milk cow, whose milk is used in cheese production. Besides, they have a plot of agricultural land, where nut trees are grown. Ekaterine sells nuts and cheese locally at a good price. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence-poor category. Ekaterine requested a loan from Credo to start-up a family business. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages provision 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 income. With the received credit Ekaterine will purchase an oven. After purchasing an oven, she will bake cakes and sell them locally. This will increase the income of the 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