A loan of $1,800 helped to purchase a stock of groceries for her grocery store.


Irine's story

Irine, 42, lives in Khashuri District with her husband, two sons, daughter-in-law, and infant daughter. Irine 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 her family’s poor living conditions.

Irina has a local grocery store. Besides this, her husband works as a musician at a local restaurant. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Irine has requested a loan from Credo to start a family business. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages provision 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 as they are regarded as “high risk borrowers” because of low income. With the credit received, Irine will purchase a stock of groceries for her grocery store. After the stock is purchased, she will be able to offer her clients more variety of products, which will increase the sales and 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


Lenders and lending teams



Loan details