A loan of $925 helped to begin trade with fruits and dairy products.

Nino's story

Nino is 52 years old. She lives in the small village of Gurjaani District in the Kakheti Region with her husband, son, daughter-in-law and father-in-law. Nino requested loans 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.

Nino’s father-in-law is provided with a retirement pension. The family is involved in agricultural activities. In particular, they have a vineyard. They pick grapes seasonally and sell locally at a good price. In addition, Nino works as a nurse at a kindergarten locally and has a small monthly salary. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Nino requested a loan from Credo to start-up a family business. Nino 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 this credit Nino will begin trade with fruits and dairy products. She will purchase these products at wholesale prices and then resell with a price markup. This will increase the income of their family. 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