Funded

Total loan: $1,900
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Slava

Georgia
Senaki, Georgia / Farming

A loan of $1,900 helped to build a greenhouse.


Slava's story

Slava is 45 years old. He lives in the Senaki District with his wife and daughter. Slava works as an artisan locally and gets a monthly income. But the income is not enough to cover the family's everyday expenses. So, Slava decided to start a new business. He has requested loans from his local financial institutions several times without any success. His loan requests were rejected every time because of low income and the lack of experience in the new job, which is usually demanded by local credit providers. His loan request was approved under a new joint initiative between Kiva and Credo. The start-up loan program provides startup and re-startup credits with soft conditions for country, rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of their low income. With the loan, Slava will build a greenhouse. He will purchase building materials and construct it. Slava will plant different kinds of vegetables seeds in his greenhouse and sell the harvested products locally. This will increase his income. The new business initiative, financed with the Kiva startup loan, will significantly improve the living conditions of the family. Slava awaits your support.



Loan details

Loan length:

27 months
Disbursed date: November 30, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

27 months
Disbursed date: November 30, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo