A loan of $2,100 helped to purchase a mini-bus.


Robert's story

Robert is 53 years old. He lives in Khoni District, West Georgia, with his 27-year-old son. Robert earns a living through his agricultural business. The family has a vineyard with 100 vine trees. Robert produces wine and sells it in the village. They also have 150 nut trees. Nuts are also sold in the village. The total average monthly income for the family is 300 Laris. According to Credo estimations the family belongs to the "subsistence poor" category.

Robert requested credit for purchasing a mini-bus. With his mini-bus he will transport the passengers between Khoni and a neighboring district. His loan request was approved in the framework of the new joint initiative between Kiva and Credo. This start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country rural poor, who do not have access to credit products and who are regarded as “high risk borrowers” because of their low income. With the credit he receives, Robert will be able to start a new business providing transportation service to the Khoni District population. The income of the family will increase and they will be able to improve their living conditions. Along with the above-mentioned, the family will have enough income to access regular credit products available on the country’s capital market, in case of need.



Loan details


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Loan details