A loan of $1,200 helped to buy a car and start trading vegetables.

Dali's story

Dali is 58 years old. She lives alone in Sagarejo district. Dali requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of low income and poor living conditions.

Dali’s only source of the income is from her trading business. She is purchasing clothes from the big market in the capital city of Georgia, Tbilisi, and selling them at the local market where she rents a counter. Even though she is selling the clothes herself, the profit is still very small as the expenses are high and it’s very hard for her to cover her monthly expenses.

Dali requested loan from Credo to start a family business. Dali 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 Dali will purchase a car. She wants to start trading vegetables. In front of her house Dali has a small space to put the counter and trade vegetables. She will purchase the products from the big market in the capital city at the wholesale price and sell them with the price marked up to earn additional income.

Dali will use part of her profits for reinvesting and expanding her business, and the other part to cover her monthly expenses and have better living conditions.

Loan details

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Loan details