A loan of $925 helped to purchase a milk cow and start a dairy products business.


Nino's story

Nino is 61 years old. She lives in a small village in Kaspi District with her husband. Nino applied several times to local financial institutions for loans for a family business start-up, but without success. Her applications were rejected every time because of her low income and the family’s poor living conditions.
The only source of income for the family are the monthly pensions of Nino and her husband. This is hardly enough to provide food food for the family. According to Credo’s evaluations, this family belongs to the category of the subsistence poor. Nino applied for a loan from Credo to start up her 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-start credits on “soft” conditions to the country’s rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” based on their low income levels. Nino will use the credit she receives to buy a milk cow. After buying the cow, Nino will be able to produce dairy products. This will increase the family’s income. The new business initiative, financed with a Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details