A loan of $3,000 helped to purchase a stock of groceries and restart-up the grocery store business.

Nino's story

Nino is 53 years old. She is married and lives in the small town of Tkibuli, with her spouse and two grandchildren (14 and 26 years old) who go to the local school. Nino’s husband works as a miner and gets a small monthly salary. The main income for the family is money transfers from abroad, which are sent by Nino’s son and daughter-in-law. Nino used to have a grocery store, but her project was stopped because of financial problems.

Nino requested a loan for restarting her grocery store business. Nino’s loan request was approved, as part of the new joint initiative of Kiva and Credo. The start-up loan program provides credit for business start-ups and restart-ups, with soft conditions, to rural poor people who do not have access to credit products, being regarded as “high-risk borrowers” because of their low income. With the received credit, Nino will cover the cost of purchasing a stock of basic groceries and restarting the grocery store. She hopes her project will be profitable, because she has enough experience in this field. Nino plans to increase the turnover in her grocery business, gradually.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Nino will work hard, and she will be able to improve the living conditions for her family. With this loan, her family will generate enough income to access credit products that are regularly available in the country’s capital market, in the event that they need to in the future.

Loan details

Lenders and lending teams

Loan details