A loan of $2,700 helped to open a grocery store.

Nana's story

Nana is a 47-year-old married woman from Kutaisi district. She lives with her 48-year-old husband Gia and their two sons, who go to school. Nana is unemployed at the moment. Gia has a workshop where he produces different kinds of footwear by orders. As this is the only income for their family and it isn’t stable, Nana decided to start her own business with a loan.

Her loan request was rejected several times by financial institutions, as she wasn’t able to satisfy their requirements because of lack of business experience and financial stability. She received the credit in the framework of a joint initiative of Kiva and Credo, a so called Start-Up program, which gives rural poor people the chance to start or re-start businesses.

With the loan of $2700, Nana will open a grocery store. She will purchase a stock of groceries and household goods. As the grocery shop is opened, Nana will become financially independent. The Start Up program will be a great support for the family, as their income will be significantly increased. With the increased income she will pay for her sons' educations and will expand her business in the future.

Loan details

Lenders and lending teams

Loan details