A loan of $4,000 helped to purchase a mini-bus for trading.


Koba's story

Koba is 48 years old. He is single and lives alone in the Borjomi District. Koba earns his living through an agricultural business. In particular, he owns 3 milk cows and 6 calves. Besides this, Koba grows potatoes and carrots on his agricultural land. He is a very hard-working man, with a rich experience in his work. Koba is requesting credit to start-up a trade business. His loan request was approved in the framework of a new joint initiative from Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credit on soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Koba will purchase a mini-bus to trade his harvested potatoes. This will save the costs of transportation. Besides this, he will purchase various greengrocery products from local farmers at wholesale prices and sell them in nearby towns with a price mark-up. This new business initiative will increase Koba's monthly income. His living conditions will improve and in the future, he will have enough income to access regular credit products available in his country’s capital market, if needed.



Loan details


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Loan details