A loan of $3,000 helped to purchase a car to use in his fruit and vegetable trading business.

Atesh's story

Atesh lives in the Marneuli District of Georgia. He is married and lives with his wife, their two children, and his parents, who are pensioners. Atesh owns a plot of land where he grows potatoes to sell at the local open market.

Atesh applied for credit to start a fruit and vegetable trading business. His loan request was approved through a new joint initiative between Kiva and Credo. The program provides business loans with easy repayment conditions to the rural poor, who do not have access to traditional credit products - they are regarded as “high risk borrowers” because of their low income.

With the loan, Atesh will purchase a car and will start a new business: He will purchase fruits and vegetables from farmers at wholesale prices and sell them in nearby towns. The family's income will increase and, as a result, they'll be able to improve their living conditions. Hopefully, this rise in income will also help them qualify for traditional credit in their country, just in case they need future loans.

Loan details

Lenders and lending teams

Loan details