A loan of $2,800 helped to purchase a stock of vegetables and renovate the small store house.


Lamzira's story

Lamzira is 45 years old. She lives in Batumi district with her husband, 25-year-old son and 23-year-old daughter-in-law. Lamzira is trading with vegetables. She is buying from the resellers at the wholesale price and selling locally at the market with a small price mark-up. Her husband is an artisan and works on private orders to get small additional income for the family. Lamzira requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan requests were rejected all the time because of low income and the family’s poor living conditions. Lamzira requested a loan from Credo to start-up family business. Her loan request was approved in the frames of a new joint initiative of Kiva and Credo. Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Lamzira will purchase a stock of vegetables and renovate the small store house that she owns. She will buy a big stock from the resellers at low cost and sell at a good price through the whole season. This will bring her a good profit. With part of the profit, she will buy stock for the future and expand her trading business and another part she will use for her family's well-being.



Loan details


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Loan details