A loan of $900 helped to open a dining hall at the local school.


Nadia's story

Nadia is 52 years old. She lives in the city of Batumi with her 55-year-old husband, 32-year-old son, her daughter-in-law, and two grandchildren who are going to school. Nadia requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected, because of low income and her family’s poor living conditions.
The family has a car. Nadia’s husband drives it as a taxi to earn a small daily income, which is the only source of income for the family.
Nadia requested a loan from Credo to start-up a family business. Her loan request was approved in the frames of a new joint initiative between Kiva and Credo. The start-up loan program has provisions for business start-up and re-startup credits with soft conditions to the rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of their low income. With the received credit, Nadia will open a dining hall at the local school. She will cover the expenses for a license and purchase all the needed equipment. This business will not only help her to earn an additional income, but it will also provide students with a good lunch. With the increased income, Nadia will be able to cover their monthly expenses and provide better living conditions for her family members.



Loan details


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Loan details