A loan of $2,425 helped to open a pharmacy.

Liana's story

Liana is 49 years old. She lives in the small village of Gardabani District with her parents and 2 daughters. Her parents are provided with a retirement pension and her daughters go to school. Liana 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 their agricultural activities. In particular, they have a milk cow, whose milk is used in dairy products. In addition, they have 50 sheep and sell lambs locally. Liana also works as a pharmacist at local chemistry shop, but her income is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Liana 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. Start-up loan program envisages provisioning business start-ups and re-startups with credit on soft conditions to the country 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, Liana will start up her own pharmacy. As she has a rich experience in this field, she hopes this project will be profitable and increase the income of her family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details