A loan of $2,400 helped to start a business selling cheese products and laundry soap.

Nana's story

Nana is 36 years old. She lives in the Gori District with her aunt and six year old daughter. Nana has requested a loan from local financial institutions several times for a family business start-up, without success. Her loan request was rejected each time, due to low income and the family’s poor living conditions.

Nana works a nurse at local private clinic. In addition, she is a part-time music teacher at a local school. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nana has requested 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 has a provision for business start-up and re-startup with credits with for soft conditions to the country rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of low income.

With the received credit, Nana will sell cheese products. She will purchase cheese products from wholesalers, and will resell at a higher price. With another part of the credit she plans to sell laundry soap.

Nana is a very hard working woman, and she will do her best to 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