A loan of $175 helped to start a beauty salon.


Zhana's story

Zhana is 22 years old, divorced, and lives alone in the Chiatura district. Zhana is jobless at the moment and, in fact, without a source of income. She requested a small-sized loan to start up a beauty salon, as she used to work as a hairstylist and has experience in this field. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions the provision of a business start-up and re-start-up credits with reasonable conditions for the country's vulnerable poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of low income. Zhana wants to hire the space and purchase all the needed modern inventory for a haircare business. She will serve the customers as a stylist herself and generate daily income. According to her estimates, the business will be lucrative and the increased profit will be reinvested in the same business. Zhana will be able to increase her spending to satisfy her daily needs and improve her standard of living.



Loan details


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Loan details