A loan of $2,000 helped to rent a space to open food court where they make Turkish Donners and purchase a special mounting for it.

Khatuna's story

Khatuna is 43 years old. She lives in Tbilisi, the capital city of Georgia with her 54-year-old husband and two sons (Erekle and Tsotne). Nearly everybody works in the family, but together they all only make a small monthly income. Khatuna is working privately as a babysitter, her husband has a car and is a taxi driver, and her younger son is working on a fuel station.

Khatuna requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected every time, because of their low income and the family’s poor living conditions.

Khatuna has now 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 providing business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, as they are regarded as “high risk borrowers” because of their low income.

With the credit she has received, Khatuna will rent a space to open a food court where they make Turkish Donners, and will purchase a special mounting for it. She wants to employ her son Tsotne, and they will both set up the family business. Tukish Donner is very popular in Tbilisi and Khatuna will rent a place in the crowded area, where she hopes her business will be profitable. All of the family members will then be employed, and their income will significantly grow. The profit will give them opportunity to have better living conditions.

Loan details

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Loan details