A loan of $1,000 helped to buy perfume to resell.

Khatuni's story

Khatuni is 40 years old and lives in Tbilisi, the capital of Georgia, with her husband and two children. She has requested a loan for a start-up business from local financial institutions several times but without any success. Her request was rejected because of her family's low income and poor living conditions. Khatuni’s husband works as an artisan for a private company and earns a small monthly income while she works in a supermarket. These are the only sources of income for the family, which means they can scarcely buy enough food to eat. According to Kiva partner Credo, the family belongs to the subsistence poor category.

Khatuni has requested loan to start-up a family business under a new joint initiative of Kiva and Credo which provides start-up money to the rural poor. With his loan, she will buy perfume at wholesale prices and then resell it for a higher price in the supermarket where she works. This will increase the income of the family and significantly improve its living conditions.

Loan details

Lenders and lending teams

Loan details