A loan of $400 helped to purchase fruits and vegetables for resale.


Irakli's story

Irakli is 30 years old. He comes from a small village of Vani District, West Georgia. Irakli is married and lives with his family, wife Larisa, two children (3 and 1 years old) and mother Natela. Larisa and Natela are housewives. Irakli is the only income provider in the family. He grows maize on a family owned plot of the land. Most of the harvest is used by the family and the small surplus is sold on the local market. The family also grows 100 nut trees selling the harvested nuts to local nut exporters. According to the local government’s estimations (designation), the family belongs to the 'vulnerable poor' category. They receive relevant social assistance. Total average monthly income of the family is 275 Laris, including social assistance.

Irakli requested credit for the start-up of a trade business. He will purchase fruits and vegetables at wholesale prices and resell them on the local retail market. His loan request was approved within the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisions the provision of business start-up and re-startup credit with soft conditions to the country's rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Irakli will be able to purchase fruits and vegetables. For the first time, Irakli will reinvest the whole profit in the business in order to expand it. In the long run, the income of the family will increase and they will be able to improve their living conditions. Along with the above, the family, if needed, will have enough income to access regular credit products available on country’s capital market.



Loan details


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Loan details