100%

funded

Total loan: $2,775

Grigoli

Kutaisi, Imereti, Georgia / Services

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A loan helped to open his own tourism agency.


Grigoli's story

Grigoli is a 35-year-old man from Kutaisi city, West Georgia. It is the third-most populous city in Georgia, traditionally second in importance after the capital city of Tbilisi. Many, many tourists visit the city each year for its historical and religious importance. Grigoli plans to make his own tourism business and open a tourism agency locally. He requires financial support to renovate the place for the agency and start serving local tourists.

The startup loan program envisages the provision of business startup and re-startup credits with soft conditions for poor people who do not have access to credit products because they are regarded as “high risk borrowers” because of low incomes.

This new business initiative, financed with a Kiva startup loan, will significantly increase the income of his family, and Grigoli will be able to improve his family's living conditions.