A loan of $4,000 helped to purchase additional products and expand the pharmacy.

Natia's story

Natia is 33 years old. She lives in the small village of Lanchkhuti District with her husband, 11-year-old son and pensioner father-in-law. Natia requested a loan 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 her low income and the family’s poor living conditions.

Natia runs a pharmacy in her village. This is the only source of income for her family. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Natia requested a loan from Credo to startup a family business. Natia 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 the received credit, Natia will purchase a stock of additional products such as hygiene items and baby food. As the pharmacy is expanded, the income is increased. Part of the profit will be reinvested in the same business. With another part, she will be able to provide wellbeing for her family members. 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