A loan of $4,000 helped to open a dental clinic.


Luiza's story

Luiza is 49 years old. She lives in the Rusvati district with her husband and her daughter.

Luiza has requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and the family’s poor living conditions.

According to Credo estimations, the family belongs to the subsistence poor category.

Luiza requested a loan from Credo to start a family business. Her loan request was approved in the frames of 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 their low incomes.

With the received credit, Luiza will start a dental clinic locally. She will purchase dental equipment and operative supplies to satisfy the professional needs of the dentists that will be working at her clinic. Luiza hopes her business will be profitable because of the price range and well qualified dentists. This will increase her income and her family members will be able to increase their spending to satisfy their daily needs, in order to improve their living conditions.



Loan details


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Loan details