A loan of $1,225 helped to purchase a cow for milk.

Nunu's story

Nunu is 61 years old from Sagarejo district, East Georgia. She gets orders to sew on a machine. In addition, she has a vineyard and sells grapes seasonally. Nunu requested a loan from local financial institutions several times for the family business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions.

Nunu requested a loan from Credo for start-up business. Her loan request was approved by a new joint initiative of Kiva and Credo. Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the approved loan Nunu will purchase a cow for milking and will build a shed. Nunu plans to produce dairy products and thus increase her income. The new business initiative, financed with the Kiva Start-up loan will significantly improve her living conditions.

Loan details

Lenders and lending teams

Loan details