A loan of $300 helped to purchase a stock of groceries and household goods to open a grocery store in her yard.

Nargiz's story

Nargiz is 65 years old. She lives in Zestaponi district. Nargiz is provided with a retirement pension. Nowadays she has no source of income, but is a very hard-working woman and motivated to run her own business. She belongs to the subsistence poor category, as she lives under poverty line.

According to the above mentioned situation, Nargiz lacks the access to capital markets and financial institutions to obtain credit for starting business, as they require a stable income and business experience.

The Start Up program created by Kiva and Credo enabled her to get a loan of $300 and start her own business. She will purchase a stock of merchandise, such as groceries and household goods, then she will open a grocery store in her yard, near the main road.

Nargiz thinks that the business will be profitable, as it is in a great location and the only business of its kind in the area. After the grocery store is opened, she will have a stable income, which enables her to cover her everyday costs, as well as expand the business in the future.

With support of the Start Up program, Nargiz will have an opportunity to be involved in her own business and tackle the financial difficulties.

Loan details

Lenders and lending teams

Loan details