A loan of $2,500 helped to purchase a stock of groceries to open a grocery shop.


Lili's story

Lili is 32 years old and lives in Bolnisi district with her retired parents-in-law. Lili requested loans from local financial institutions several times for a family business start-up but without any success. Her loan requests were rejected each time because of low income and her family’s poor living conditions.
The only source of income for the family is the monthly pension of Lili’s parents-in-law.
Lili requested a loan from Credo to start up a family business. Lili 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, Lili will purchase a stock of groceries to open a grocery shop. She already has a commercial space, which is located in a populous area. In order to decrease the expenses Lili will work in the shop as a seller herself. This will significantly increase the profit. Part of the profit Lili will be using to purchase more varieties of products to satisfy clients' needs better. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details