A loan of $3,000 helped to purchase a mini-bus for a produce sales start-up.


Maka's story

Maka is from Imertubani, South Georgia. She is 32 years old and lives with her family: her husband, Gocha; her mother-in-law; and two sons, nine and six years old, who go to school. Maka has requested loans from local financial institutions for her trade business start-up several times, but her loan requests were rejected because of her family’s low income and the higher risks associated with start-up businesses.

Maka and Gocha have 2 hectares of land where they grow potatoes, which they sell to local wholesalers. The total average monthly income of the family is 400 GEL. According to Credo estimations Maka and her family belong to the "subsistence poor" category.

Maka requested an agricultural loan from Credo to start a small-scale agricultural business. Her loan request was approved as part of a new joint initiative by Kiva and Credo. This start-up loan program envisages providing start-up and re-start credits with soft conditions to the country's rural poor, who do not have access to credit because they are regarded as “high risk borrowers” due to their low income levels.

With the loan credit, Maka will purchase a mini-bus. She and Gocha will use it to transport fruits and vegetables for sale. They will purchase produce from local farmers at wholesale prices and sell it from the mini-bus in nearby towns. The family will earn additional income and they will be able to improve their living conditions.



Loan details


Lenders and lending teams



Loan details