A loan of $3,500 helped to purchase flour and bran to start a new store.


Zaza's story

Zaza is 33 years old. He lives with his wife and two children in the village of Shindisi, near Georgia's capital city. His wife is unemployed; the children go to the local school. The family's business is animal husbandry, particularly pigs. Zaza keeps pigs in the shed located in his yard. He raises them, then sells them in the open market of the capital city. Zaza has requested loans from local financial institutions several times to start a trading business, but without any success. His loan requests were always rejected because of his family’s low income and poor living conditions. Then he requested a loan from Credo to re-start a retail business. His loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides credit to the rural poor who cannot otherwise access credit because their low income causes others to regard them as "high risk borrowers." The store building for Zaza's new business is located in the village and it is closed now. With the loan from Credo and Kiva, Zaza will be able to purchase stock for his store, selling flour and cattle feed such as bran. This growth will positively impact the family by hopefully doubling their small income, thus enabling them to improve their living conditions.



Loan details


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Loan details