A loan of $850 helped to purchase metal and plastic workshop.

Kakhi's story

Kakhi lives in the town of Kutaisi. He is 30 years old, married, and lives with his wife and 7-year-old son. Kakhi is, at the moment, unemployed. The only source of income for the family is the small income earned by Kakhi, who is involved in a frits trading business. The family lives in poverty. According to Credo estimations, they belong to the vulnerable poor category.

Kakhi decided to start his business as their existing income isn’t enough for the family and their living conditions are poor. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of a business start-up and restartup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Kakhi will purchase a metal and plastic workshop. He will produce doors and windows and sell them at a good price as demand is high in the region. Kakhi hopes that his new business initiative will be profitable and this will increase the family income. With the increased income, Kakhi will improve his family's living conditions.

Loan details

Lenders and lending teams

Loan details