A loan of $625 helped to begin trade with fruits and vegetables.


Natela's story

Natela is 63 years old. She lives in the small village of Kobuleti District, with 4 children and a daughter-in-law. Natela requested loans from local financial institutions several times for a family start-up business, but without any success. Her loan request was rejectedevery time, because of low income and family’s poor living conditions.

The family is actively involved in agricultural activities. In particular, they have 5 hectare agricultural land for mandarin trees and 2 hectares, where maize is grown. Natela and her children work hard to insure in a good harvest, which is sold locally as well as in the nearby villages at a good price. Besides, Natela is provided with a retirement pension, which is the only source of regular monthly income for the family (125 Laris per month). It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Natela requested a loan from Credo to start-up 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 involves providing 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 Natela will begin trade in fruits and vegetables. She plans to purchase fruits and vegetables at wholesale prices and then resell at higher price, which will significantly increase her income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details