A loan of $1,225 helped to purchase refrigerators for the start-up of a grocery store.


Valeri's story

Valeri is 56 years old. He lives in the Khoni district with his 14-year-old daughter Khatia. She goes to school. Valeri’s wife is out of the country. She works abroad and helps her family financially. Valeri grows maize on a family-owned plot of land. He sells harvested maize in the village. The total average monthly income of the family equals 200 Laris. The family lives in poverty. Valeri requested credit for the start-up of a grocery store. He has constructed a small building for the store. It is located near his house. With the requested credit he will purchase refrigerators for the store as well as some grocery products for resale. According to his estimations, his store will work well, as there are no more similar stores. Also he will attract clients with quality service and a wide assortment of products. Valeri’s loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages the provision of business start-ups and re-startup credits, with soft conditions to the country rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of their low income. After the start-up of the business, the living conditions of the family will significantly improve and they will have enough income to access regular credit products available on the country’s capital market, in case of need.



Loan details


Lenders and lending teams



Loan details