100%

funded

Total loan: $2,000

Iosebi

Vardisubani, Kakheti, Georgia / Food

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A loan helped to purchase equipment for making a special type of cheese.


Iosebi's story

Iosebi is a 37-year-old hard-working man from Vardisubani village, Telavi district. He has a wife and pensioner parents.

Iosebi is employed in a private company as a production technologist, where he gets a fixed income. As it becomes harder to earn a living and meet all family expenses, Iosebi started to seek credit for starting a new type of business.

Iosebi now needs financial support to purchase equipment, have money for working capital, and start a special type of cheese-making business.

Iosebi has been approved for a loan within the framework of a joint initiative between Kiva and Credo. The start-up loan program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products.

The loan will greatly assist Iosebi and his family and he will be able to improve his economic situation and give his family a better style of life.