Funded

Total loan: $700
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Roila


A loan of $700 helped to purchase tables and chairs for starting a fast food cafe.


Roila's story

Roila lives in the Senaki district. She is 62 years old, widowed and lives with her grown son, daughter-in-law and two grandchildren. Roila is unemployed at the moment and stays home. Roila’s daughter-in-law works as a midwife at the local clinic and the son is a driver. They work hard all day long to generate an income but the family needs more and Roila decided to start a fast food cafe to earn additional income. Several times, she has requested loans from local credit providers, but her loan requests are always rejected because of the lack of experience in her new business. Her current loan request was approved within the framework of a new joint initiative between Kiva and Credo. Roila has already purchased all the needed inventory for running a cafe and needs money to buy tables and chairs. She will arrange her cafe and offer the clients a comfortable atmosphere. Summertime is high season for cafe businesses and Roila hopes it will be profitable and that she will attract many customers since there is no similar cafe nearby. The profit will be reinvested in the same business and Roila will be able to improve the living conditions of her family.



Loan details

Loan length:

13 months
Disbursed date: July 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: July 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo