A loan of $500 helped to purchase more stock of groceries for her shop.


Ketevan's story

Ketevan is 23 years old. She lives in Kobuleti District with her parents and grandparents, who are provided with a retirement pension. Ketevan requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of low income and the family’s poor living conditions. Ketevan has a grocery shop. Her mother works as a cooker locally and gets a small monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Ketevan requested a loan from Credo to start-up a family business. Ketevan 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 the provision of business start-up and re-startup credits 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 her credit, Ketevan will buy more stock of groceries. After purchasing the groceries, she will be able to offer her customers a wider range of products. This will increase the income of her family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details