A loan of $1,525 helped to purchase sheep.

Imeda's story

Imeda, 37 years old, is from Gardabani district. Imeda requested a loan from the local financial institutions several times to start a family business, but without any success. His loan request was rejected all the time, because of his low income and his family’s poor living conditions.

The only source of income for Imeda is working as a guard in a private company. It is hardly enough for food. According to Credo estimations, the family belongs to the subsistence poor category.

Imeda requested a loan from Credo to start a family business. His loan request was approved in the frame of the new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the loan, Imeda will purchase sheep. After purchasing the sheep, he plans to expand the number of livestock and increase his income. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions for Imeda.

Loan details

Lenders and lending teams

Loan details