A loan of $1,825 helped to open a café.


Malvina's story

Malvina is 21 years old. She lives in the Kutaisi district, with her parents, 16-year-old brother and 20-year-ld sister. Malvina 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 her family’s poor living conditions.

The family owns a small plot of agricultural land where vegetables are grown. Harvested products are sold at the local market. Malvina's father has a car that he drives as a taxi to earn additional income for the family.

Malvina requested a loan from Credo to start a family business. Malvina 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, Malvina will open a café. She will pay the rent and purchase all the needed equipment and products to open the business. She already has found a very good place for a café. This place is in a populous area and Malvina hopes that it will help the business to be successful. She will work in the café herself, in order to have minimum expenses. Part of the profit will be reinvested in the same field. 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