A loan of $800 helped to purchase beef and pork to sell.

Guri's story

Guri is 27 years old and single. He is from the village of Nagvazao, West Georgia. Guri's only source of income is his milk cow and he produces an average of 25 kilograms of traditional West-Georgian cheese that he sells in the village. His monthly income does not exceed 200 GEL. Guri has requested loans from local financial institutions several times for a business start-up, but his loan requests have been rejected because of his low income and poor living conditions. Guri is in the subsistence poor category.

Guri is requesting a loan from Credo to start a business trading beef and pork. His loan request was approved under a new joint initiative of Kiva and Credo. This start-up loan program provides business start-up and re-startup credits with soft conditions to rural poor who do not have access to credit products since they are regarded as high risk borrowers.

Guri will use his loan to purchase beef and pork from local farmers at wholesale prices and then sell it at the local open market with a price mark-up. His new business initiative will significantly increase his income. Guri hopes to be able to improve his living conditions.

Loan details

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Loan details