Funded

Total loan: $3,000
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Liana

Georgia
Batumi, Georgia / Grocery Store

A loan of $3,000 helped to open a grocery store.


Liana's story

Liana is 51 years old. She lives in Batumi District with her 22 and 25 year old sons. Liana has requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions.

The family currently has no source of income. According to Credo estimations, the family belongs to the subsistence poor category.

Liana has 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 the 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 their low income.

With the credit received from Credo, Liana will open a grocery store. She will purchase grocery stocks and will work hard with her sons 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

Loan length:

14 months
Disbursed date: March 15, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 15, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo