A loan of $3,000 helped to set up a grocery store by purchasing basic groceries.

Ekaterine's story

Ekaterine is 37 years old. She is married and lives in the Ozurgeti district with her husband and their young child.

The family runs a small-scale agricultural business. Specifically, they have a garden where they grow citrus fruits and nuts. Seasonally, the family sells their harvest at the local open market, but otherwise they have no monthly income and generally live in poverty.

Ekaterine has made multiple loan requests, without success, from the local financial institutions in order to start up a trading business. Her loan requests were rejected each time due to her low income. Ekaterine’s loan request was approved as part of the new joint initiative of Kiva and Credo.
The start-up loan program provides business start-ups and re-startups with credit with lenient conditions. Borrowers in the program are vulnerable poor people who do not have easy access to credit products because they are regarded as "high-risk borrowers" due to their low incomes.

With the requested loan proceeds, Ekaterine would like to purchase basic groceries and to set up a store. She plans to gradually increase her trading business over time. She feels that this new business initiative, financed with the Kiva start-up loan, would significantly increase her family's income. Ekaterine will work hard and she is confident that she will be able to improve her family's living conditions with your help. With this loan, she feels that her family will generate enough income to access regular credit products in the country’s capital market in the event that they need such funds.

Loan details

Lenders and lending teams

Loan details