A loan of $375 helped to open a business selling household goods.


Angelina's story

Angelina is 49 years old and lives in a small village of the Zugdidi District with her mother and son. Her mother has a retirement pension. Angelina has requested loans from local financial institutions several times for a start-up, but without any success because of her low income and her family’s poor living conditions. The family's sole source of income is growing maize and nut trees. They sell their products locally, but this hardly brings in enough money for food. According to Credo estimates, the family belongs to the subsistence poor category. Angelina has requested a loan from Credo to start-up a new business within the framework of a new joint initiative of Kiva and Credo. This start-up program emphasizes loans for start-ups and re-startups with easy terms for rural poor people who do not have access to credit. With his loan, Angelina will buy household goods from the wholesalers and then resell them to villagers at a higher price. This will significantly improve the living conditions of the family.



Loan details


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Loan details