100%

funded

Total loan: $2,100

Lasha

Flag of Georgia
Pirveli Sviri, Imereti, Georgia / Manufacturing

Lasha's loan finished fundraising,
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A loan helped to open a metal-plastic workshop and start making mostly doors and windows.


Lasha's story

Lasha, a 34-year-old single man, lives in small village called Pirveli Sviri. He has only a pensioner father and sustains the family with a small agribusiness. Lasha and his father take care of a family-owned vineyard, making wine that is sold locally, and they also have several nut trees.

As their existing income is not enough, and Lasha can’t find a job, he decided to start his own business. All the financial institutions rejected his loan requests because of his unstable financial condition and lack of experience. After several unsuccessful attempts, he applied for credit to microfinance organization Credo. His request was approved in the framework of the startup program, which is a joint initiative with Kiva permitting the rural poor to start or restart businesses.

A loan of 5,000 laris will be great support for this motivated man. He will open a metal-plastic workshop locally at a place that he has already found for rent. Lasha will start making doors and windows on private orders and will generate significant income.

Lasha and his father rely on Kiva lenders' goodwill and will highly appreciate the financial support.