A loan of $1,225 helped to purchase more computers for her internet café.

Nazibrola's story

Nazibrola is 51 years old. She lives in the capital city of Georgia, Tbilisi, with her 31-year-old son David, daughter in-law and two grandchildren (4 and 6 years old). Nazibrola requested a 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 her family’s poor living conditions.

Nazibrola owns an internet café and David is working at the local water company. Nazibrola’s daughter in law is a seller at the clothes shop. They all work on small monthly salaries.

Nazibrola requested a loan from Credo to start a family business. Nazibrola 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, Nazibrola will purchase more computers for her internet café. As not everybody has internet in their houses, people go to the internet café to use the service. Nazibrola is planning to expand her business. After purchasing more computers, she will be able to serve more people and earn better profit. With the increased profit, she will be able to provide better living conditions for her family.

Loan details

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Loan details