A loan of $325 helped to purchase tires and an accumulator for his truck.


Zaza's story

Zaza, 38 years old, is from the small village of Tskaltubo. He lives with his wife, 2 children and his mother. On several occasions, Zaza has requested loans from local financial institutions for a family business start-up, but has had no success. His loan requests were always rejected because of his low income and the family’s poor living conditions.

The family's only source of income is from agricultural activities. They have a cow, whose milk is used in dairy products, which they sell locally in an open market at a good price. However, it is hardly enough to feed the family. According to Credo estimations, the family belongs to the subsistence poor category.

Zaza requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative through Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup 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. Zaza will use this loan to purchase tires and an accumulator for his truck. After fixing up his truck, he will be able to get orders and transport goods. This will increase the family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the family's living conditions.



Loan details


Lenders and lending teams



Loan details