A loan of $1,275 helped to purchase grapes and sugar for producing wine.


Mamuka's story

Mamuka is 24 years old. He lives in Khoni District with his mother and brother. The family runs a small dairy business of a milk cow, whose milk is used in dairy products. They sell their dairy products locally. Mamuka has requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time, because of low income and his family’s poor living conditions.

Mamuka requested a loan from Credo to start up a family business. His loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan programs extend business start-up and re-start up credits with soft conditions to the country rural poor. These families do not have access to credit products, because they are regarded as “high risk borrowers” because of low income. With the received credit, Mamuka will purchase grapes and sugar to produce wine. After the products are purchased, the family will be able to sell a good quality wine at a high price. This will increase the income of his family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family. Mamuka awaits your support.



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Loan details