A loan of $2,000 helped to purchase a mini-bus for trading with fruits and vegetables.


Zurab's story

Zurab is 26 years old. He lives in the Khoni District of West Georgia with his family: his wife, Tamar, his two sons (3 and 2 years old), his father and grandmother. Zurab is the only income provider in the family. He trades on the local open market, selling nuts and maize. The family lives below the poverty line, and they receive social assistance from the local government. The total average monthly income of the family is 270 Laris, including social assistance. Zurab requested credit for the start-up of a trade business.

His loan request was approved within the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits, with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Zurab will purchase a mini-bus. He will use it for trade activity, selling fruits and vegetables. He will purchase fruits and vegetables from local farmers at wholesale prices and take them with the mini-bus to nearby towns for resale. According to Zurab’s estimations, the monthly income of the family will increase by approximately 300 Laris, which means a 110% increase. Zurab will be able to create better living conditions for his children, as well as the other family members. Also, the family will have enough income to access regular credit products available on the country’s capital market in the future, in case of need.



Loan details


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Loan details