Funded

Total loan: $3,000
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Ketino

Georgia
Tbilisi, Georgia / Grocery Store

A loan of $3,000 helped to purchase grocery stocks for her grocery shop.


Ketino's story

Ketino is 39 years old. She lives in the capital city of Georgia, Tbilisi with her 27 year old sister and 16 year old daughter. Ketino requested loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time, because of low income and family’s poor living conditions. Ketino has a grocery shop and earns daily income. Also her sister is a dentist, working at the local dentist clinic and earns small monthly salary. Ketino requested loan from Credo to start-up family business. Ketino 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 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 Ketino will purchase grocery stocks for her grocery shop. Her shop is already well known at the neighborhood and Ketino wants to expand the stock, in order to offer better choice of products to her clients. This will increase the sales number and Ketino will be able to earn better profit. Part of the profit she will reinvest in the same business and purchase more verities of products. Another part will be used to improve the family living conditions.



Loan details

Loan length:

20 months
Disbursed date: May 17, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: May 17, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo