A loan of $1,225 helped to purchase chicks, raise them, and resell them for profit.

Nino's story

Nino is 35 years old. She lives in a small village of Khashuri District with her husband, Mamuka, and three children (8, 11, and 14 years old). Nino requested a loan from local financial institutions several times, for a family business start-up, but without any success. Her loan request was rejected all the time, because of low income and the family’s poor living conditions.

Mamuka works as an artisan. He gets orders and makes wooden furniture. Nino has a poultry business. She purchased chicks to raise, and she plans to sell them in about a month. Nino and Mamuka, together, earn hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Recently, Nino requested a loan from Credo to start up a family business. Her loan request was approved, in the frame of a new joint initiative of Kiva and Credo. The Start-up loan program envisages provision of business start-up and restart-up credits, with soft conditions, to rural poor people, who do not have access to other credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Nino will purchase additional chicks and feed for chicks. As she will buy another group of baby chicks, she will sell them after growing them for several months, and thus 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

Lenders and lending teams

Loan details