A loan of $4,200 helped to buy a mini-bus.


Maguli's story

Maguli is 45 years old. She lives in the Kobuleti district with her husband and 19-year-old son. Maguli has requested a loan from local financial institutions several times in order to start a family business. However, she has not had success. Her loan request was rejected every time because of her low income and her family’s poor living conditions.

Maguli's family owns a plot of agricultural land, where mandarin and nut trees are grown. The harvested products are sold locally at the markets. Maguli’s husband is an artisan. He works on construction for private orders and earns additional income for the family.

Maguli has requested a loan from Credo to start a family business. Maguli has been approved for a loan within the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up loans 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 her loan, Maguli will purchase a mini-bus, which her husband will use to transport the local people. This will give the family an opportunity to increase their monthly income. With the increased income, Maguli will be able to provide for her son's education in the future.



Loan details


Lenders and lending teams



Loan details