A loan of $900 helped to rent a trading counter and purchase clothes to sell.

Khatia's story

Khatia is 27 years old. She lives in the Tkibuli District with her parents and sister. Khatia has requested a loan from local financial institutions several times for a family business start-up, but has not had any success. Her loan requests have been rejected because of her low income and her family’s poor living conditions.

Khatia is currently working in a grocery shop as a seller and her father is an artisan working on private orders. They both have small monthly incomes, however these are not enough to support their family. According to Credo estimations, the family belongs to the subsistence poor category.

Khatia requested a loan from Credo to fund a start-up family business. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-start up credits with soft conditions to the country's rural poor, who do not have access to credit products and are regarded as “high risk borrowers” because of low income. With the loan, Khatia will rent a trading counter at the local market in the Tkibuli district, purchase clothes at wholesale price, and then sell them for retail price. Khatia will use the profits to reinvest in the same business. This new business initiative, financed by the Kiva start-up loan, will help this young girl start her own business and improve the living conditions of her family.

Loan details

Lenders and lending teams

Loan details