A loan of $1,850 helped to purchase the tea equipment.

Liana's story

Liana is 62 years old. She lives in the small village of Ozurgeti District with her husband. They receive a retirement pension. Liana has requested loans for a proposed family business start-up several times from local financial institutions, but without any success. Each loan request was rejected because of her low income and the family’s poor living conditions.

Liana has a plot of agricultural land where she grows nut trees and has a 0.5 hectare tea plantation. The family also owns a pig and piglets. Although Liana sells the harvested nuts and piglets at a good price, her profit is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Liana requested this loan from Credo for her start-up family business. Liana has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credit with soft conditions to the rural poor, who do not usually have access to credit products. Such borrowers are regarded as “high risk" because of their low income. With this loan, Liana will purchase equipment for picking and drying tea. She will sell the produced tea at the local markets at a good price. This new business initiative, financed with a Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details