A loan of $5,000 helped to finish renovating her house so the first two floors can be rented.


Dali's story

Dali is 65-year-old retired woman. She lives in the Borjomi district with her retired mother and retired aunt. Dali requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected every time because of her low income and the family's poor living conditions.

All three members of the family are getting pensions of 125 Lari per month. This is the only source of income for them. Dali requested a loan from Credo to start up a family business. Dali 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 Dali will purchase all the needed materials to finish her house renovation. The family owns a 3 floor house, and already had some savings which were used start the house renovation. Dali plans to rent out seasonally the first and second floors of the house to tourists. The family will earn an additional income with this business and they will be able to improve their living conditions.



Loan details


Lenders and lending teams




Loan details