A loan of $3,000 helped to buy products for a grocery store and canteen.


Zelimkhan's story

Zelimkhan is 52 years old and lives in a small village of mountainous Kakheti. He is married and lives with his family: his wife, Lamara, and three children, Yusuf, Ibragim and Adam. The family lives in poverty. Their only source of income is small scale agricultural activities – they have a vineyard and grow maize (corn) on a small family-owned plot. Their total average monthly income is 100 Laris.

Zelimkhan has requested a loan to start up two businesses – a grocery store and a canteen in the village. The necessary furniture and equipment were purchased by Zelimkhan couple of years ago with funds he collected abroad from his hard work, but he doesn't have funds to start operating these businesses. With this loan, he will buy grocery products to sell in the store. He will work as the salesman himself. Another part of the loan will be used to buy products for his canteen. There will be three persons employed by the canteen – a cook, one waiter and one dishwasher/cleaner. According to Zelimkhan’s estimations, both businesses will be profitable and will expand in the future.

Zelimkhan’s loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages helping start-ups and re-startups with credits to rural poor who do not have access to credit and are regarded as “high-risk borrowers” because of low income.

The living conditions of the family will significantly improve and the family will have enough income to access regular credit products available on country’s capital market.



Loan details


Lenders and lending teams



Loan details