A loan of $1,800 helped to open a plastic shop.


Nino's story

Nino is 28 years old. She lives in Ozurgeti District with her husband, her two infant children and her parents-in-law. Nino requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were always rejected because of her low income and the family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a vineyard, a plot of land where 400 nut trees are grown and a milk cow. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nino requested a loan from Credo to start up a 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 re-startup 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 received credit, Nino will rent a place to open a plastic shop. She plans to purchase stock of plastic dishes to sell in her shop. Nino will work as a saleslady and will do her best to increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details