A loan of $1,300 helped to purchase a stock of groceries to sell.

Lana's story

Lana is 31 years old. She lives in the small village of Ozurgeti District with her husband, parents, sister and her infant daughter. Lana requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected because of low income and her family’s poor living conditions.

The only source of income for the family is her father, who works as an artisan on private orders. It is hardly enough for food, as the income is not stable. According to Credo estimations, the family belongs to the subsistence poor category.

Lana requested a loan from Credo to start a family business. Lana has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program provides 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 his credit, Lana will purchase a stock of groceries and resell at higher prices. She has no experience in this field, but she is very motivated to work hard for a better future. Lana hopes that her business will be successful, as she feels the whole family standing by her. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of her family.

Loan details

Lenders and lending teams

Loan details