A loan of $1,525 helped to buy a car for her husband to work as a taxi driver.


Manana's story

Manana is 25 years old. She lives in Mtskheta District with her husband, parents-in-law and two children who are going to school. Manana requested a loan for the family business from local financial institutions several times but without any success. Her loan request was rejected each time because of low income and the family’s poor living conditions. The family has two milk cows. Manana and her mother-in-law are milking the cows every day to make cheese which is sold locally at the markets. They also have a car which Manana’s husband and father-in-law are using as a taxi to drive local people. According to Credo's estimations the family belongs to the subsistence poor category. Manana requested a loan from Credo to strengthen the family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restart-up credits with soft conditions to the country's rural poor who do not have access to credit products being regarded as “high risk borrowers” because of low income. With the credit received, Manana will purchase a car and it will be used as a taxi. Her husband and father-in-law both work in separate cars as drivers to increase the family income. The profit will be used to buy more cows and produce more milk to make cheese. The new business initiative, financed with this Kiva start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details