A loan of $2,500 helped to purchase a car and to start his business.

George's story

George lives in Sighnaghi District, East Georgia, with his wife and 17-year-old son. The family is involved in an agricultural business. George owns a vineyard and a plot of land where he grows peppers. The harvested products are sold at the local open market.

George has requested a loan to start his trading business. His loan request was approved in the framework of a new joint initiative by Kiva and Credo. The start-up loan program envisages provision of business start-up and restart-up credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

George will use this loan to purchase a car and to start the business. He will purchase fruits and vegetables from farmers at wholesale prices and sell them in nearby towns. The family's income will increase and they will be able to improve their living conditions. Along with the above mentioned, the family will have enough income to access regular credit products available in the country’s capital market, in case of need.

Loan details

Lenders and lending teams

Loan details