A loan of $1,825 helped to build a greenhouse.


Nino's story

Nino is 52 years old. She lives in the Samtredia District with her husband, son, daughter-in-law and two grandchildren. Nino requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of low income and the family’s poor living conditions.

Nino trades with meat at the local bazaar. Her husband works as a butcher. 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. She 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 the 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 Nino will build a greenhouse. After the greenhouse is built they will be able to grow vegetables there and sell them at a good price. This will increase the income of their family. This 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