A loan of $325 helped to purchase chicks to raise and resell.


Khatuna's story

Khatuna is 34 years old. She lives in Gurjaani District with her husband and two sons. Khatuna 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.

The only source of income for the family is her husband’s small salary working as guide. Khatuna has hens and she sells eggs locally. It is hardly enough to buy food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Khatuna requested a loan from Credo to start up a family business. Her loan request was approved in the framework of 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 the country's rural poor. They do not have access to credit products because they are regarded as “high risk borrowers” due to low income. With the received credit, Khatuna will purchase chicks, raise then and resell at higher prices. This will 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