A loan of $1,300 helped to purchase more groceries for her store.

Nazi's story

29-year-old Nazi lives in Batumi district with her two daughters (6 and 10 years old). Nazi requested a loan from the local financial institutions several times for a start-up business without any success. Her loan request was always rejected due the family’s low income and poor living conditions.

Nazi has recently opened a grocery shop and she earns a small daily income from her business. This is the only income for the family, which is rarely enough to look after two daughters.

Nazi requested a loan from Credo to start-up a family business. Nazi 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, Nazi will purchase more stocks of groceries for her grocery shop. She wants to expand her business. Having more varieties of products to offer to the clients will significantly increase sales. Nazi will earn a better profit and she will be able to insure a better life for her daughters.

Loan details

Lenders and lending teams

Loan details