A loan of $1,225 helped to purchase a car and transport dairy products and vegetables for resale.

Ana's story

Ana, 28, lives in the small village of Akhaltsikhe District with her son and mother, who has a retirement pension. Ana has requested loans from local financial institutions several times to start family businesses but without success. Her loan requests have been rejected because of her low income and the family’s poor living conditions.

The family’s only source of income is from agricultural activities. In particular, they have two milking cows, whose milk is used in dairy products. They also have a plot of land, where maize, haricots and potatoes are grown. They sell the harvested products locally and hardly make enough for food for the family. According to Credo, the family belongs in the “subsistence poor” category.

Within the framework of a new joint initiative of Kiva and Credo, Ana has been approved for a loan to start a family business. This start-up loan program envisages providing business start-up and restart-up credits with soft conditions to the rural poor who do not have access to credit. The rural poor are regarded as high-risk borrowers because of their low incomes.

With this loan, Ana will purchase a car. Her son will help her drive to different villages to trade with dairy products and vegetables. With a car, they will increase their income, as they will be able to transport more products.

This new business initiative, financed with a Kiva start-up loan, will significantly improve the family’s living conditions.

Loan details

Lenders and lending teams

Loan details