A loan of $800 helped to purchase a draft beer machine, flour and sausages.


Tina's story

Tina is a 63-year-old retired woman. She lives in the capital city of Georgia, Tbilisi, with her husband and son. Tina 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. Tina has rented commercial space inside the big local market. She is baking pastries, and bringing them out and selling them to get a small daily income. Her husband is working as a security guard on a small salary. The family’s total income is rarely enough for food and covering the household expenses. Tina 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 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, being regarded as “high risk borrowers” because of low income. With the received credit, Tina will purchase a draft beer machine, flour and sausages to have more variety of food. As the summer season is coming soon, Tina hopes that beer will be highly requested and her business will be successful. She also wants to bake more food to give a better choice to her clients. This will help Tina to earn a good profit. She will use part of the profit for reinvesting and purchasing more products and another part for covering her family’s monthly expenses.



Loan details


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Loan details