A loan of $2,500 helped to purchase a car and use it to supply her restaurant.


Irine's story

Irine is 40 years old. She lives in the Batumi district with her mother, brother, sister-in-law and an infant nephew. Irine has requested a loan for her family business start-up from local financial institutions several times, but without any success. Her loan request was rejected each time because of her low income and her family’s poor living conditions.

Irine’s brother works as an artisan and her sister-in-law works at a local restaurant as a waitress. They both earn a small monthly income. It is hardly enough food for the family. According to Credo's estimates, the family belongs in the subsistence poor category.

Irine requested a loan from Credo to start up a family business. She has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages providing business start-ups credit with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With this credit Irine will purchase a car. After purchasing a car, she will be able to supply her newly opened restaurant with supplies. Irine has chosen a very good place in the centre of Batumi, where a large number of people live. She hopes the business will be profitable. The new business initiative, financed with a Kiva Start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details