Funded

Total loan: $3,000
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Nana

Georgia
Tsilkani, Georgia / Grocery Store

A loan of $3,000 helped to buy grocery items for starting her grocery store.


Nana's story

Nana is a 46-year-old woman and lives in the Mtskheta district. She is married and has two grown children who are unemployed at the moment. Her husband is 50 years old and he works as workman in the capital city and has a small monthly income. Nana requested a loan from local financial institutions several times for a family business start-up, without any success. Her loan request was rejected because of low income and the family’s poor living conditions. She has an empty space in her village and plans to open a grocery shop there. According to Credo estimations the family belongs to the subsistence poor category. Her loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-starts up 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. Nana requested a loan for purchasing stocks of groceries which will help her to start her grocery store. She will reinvest the profits into the shop and will keep adding more products. Nana hopes this project will be profitable and it will help her and her family to have better living conditions.



Loan details

Loan length:

27 months
Disbursed date: February 21, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: February 21, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo