Funded

Total loan: $750
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Nargiz


A loan of $750 helped to purchase a car for her husband to drive as a taxi.


Nargiz's story

Nargiz is 47 years old. She lives in Bolnisi district with her husband and 14 year old son.

Several times, Nargiz requested a loan from local financial institutions for a family business start-up, but without any success. Her loan request was rejected each time because of low income and her family’s poor living conditions.

Her family owns a small plot of agricultural land where maize and haricot are grown. Harvested products are sold at the local markets. Their additional income is from small, monthly salaries. Nargiz is working as a cleaner and her husband as a security guard.

Nargiz requested a loan from Credo to start-up a family business. Nargiz has now been approved for a loan within the framework of the new joint initiative between 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, Nargiz will purchase a car. Her husband will drive it as a taxi to transport local people and the family will increase their monthly income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details

Loan length:

14 months
Disbursed date: June 17, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 17, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo