A loan of $1,525 helped to purchase stock for his grocery store.


Ilia's story

Ilia is 45 years old. He is single and lives alone in the village of Gurjaani. The source of income for Ilia is his vineyard. He does all relevant agricultural work to ensure a good quality harvest. The harvested grapes are sold locally. So, he has only seasonal income and he 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 lack of experience in the new business, which is usually demanded by local credit providers. 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 do not have access to it, being regarded as “high risk borrowers” because of their low income. Ilia owns a building and plans to set up a grocery store there. With the loan, he will purchase stock for the store. Selling grocery products will positively impact him. This new business initiative will double Ilia’s income and enable him to improve his living conditions.



Loan details


Lenders and lending teams



Loan details