Total loan: $5,000


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Mukhrani, Mtskheta-Mtianeti, Georgia / Food

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A loan helped to open a fast food stall and sell Doner.

Soso's story

Soso is 31 years old and is from the small village of Mtskheta district. He is married and lives with his wife and two children (9 and 11 years old). Soso requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions. The only source of income for the family is from agricultural activities. In particular, they have a milk cow, whose milk is used in cheese production. Soso’s wife milks the cow and produces cheese for selling. They also have three pigs. It is hardly enough food for the family. According to Credo estimations, the family belongs to the subsistence-poor category. Soso requested a loan from Credo to start up a family business. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The Start-up loan program envisages the provision of a business start-up and re-startup credits with soft conditions to the country's rural poor. These people do not have access to credit products, being regarded as “high risk borrowers” because of low income. Soso plans to start his own business. The place in which he lives is very conducive to opening a fast food stall, where he will sell Doner (similar to kabobs). With the received credit, Soso will purchase the stock of raw materials to make doner and a refrigerator for juices. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.