A loan of $100 helped to purchase a small stock of groceries.


Venera's story

Venera is a 65-year-old retired woman. She lives alone in Shalauri village in the Telavi district. Venera 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. Venera owns a small plot of agricultural land where maize is grown. The harvested product is sold at the local market. Her additional income is a monthly pension.

Venera 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, Venera will purchase a small stock of groceries. She has a commercial space in front of her house that will be used for selling the products. She plans in the future to use the profit and add a bakery to her shop. She will bake pastries and sell them to earn more income. The new business initiative, financed with the Kiva Start-up loan, will significantly improve her living conditions.



Loan details


Lenders and lending teams



Loan details