A loan of $975 helped to purchase an accordion.


Giga's story

Giga is 21 years old. He lives in Khoni, West Georgia. Giga lives with his parents. Both of them are music teachers. Giga is also a musician. He plays drums and accordion. At the moment Giga works as accordion player in a local song and dance company. The musical instrument used by Giga belongs to the company. He earns 100 Laris per month. Giga works 4 days a week. His family's total monthly income is 330 Laris. According to Credo estimations, the family belongs to the vulnerable poor category. Giga requested credit for purchasing an accordion. Giga’s loan was analyzed in the terms of a new joint initiative of Kiva and Credo. This start-up loan program will provide business start-up credits with soft conditions to the rural poor. These borrowers do not have access to standard credit products, being regarded as “high risk borrowers” because of low income. With his own accordion Giga will be able to play at parties, as well as other cultural events held in the district, and earn additional income. The new source of income will allow Giga to improve his living conditions.



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