A loan of $2,300 helped to purchase additional dental equipment.

Elga's story

Thirty-four-year-old Elga lives in Chokhatauri district with her 37-year-old husband Avtandil. Elga requested a loan from the 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 her low income and her family’s poor living conditions.

Elga is a dentist. She has a dental chair in her house and earns a small monthly income, which is the only source of living for the family. Elga requested a loan from Credo to start a family business. Elga 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, Elga will purchase additional dental equipment. With more equipment, she will be able to offer better services to her clients. Elga is already well known among the villagers and she has a good numbers of clients. With the better service, Elga will increase the number of clients and her family income. The 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