A loan of $1,500 helped to purchase a minibus and begin to sell fruit and vegetables.


Zaal's story

Zaal is 57 years old. He lives in the small village in Chiatura District with his wife and 2 children. Zaal requested loan from local financial institutions several times for family business start-up, but without any success. His loan requests were all rejected because of his low income and family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have 25 beehives with bee colonies and 0.5 hectares of agricultural land. It is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Zaal requested loan from Credo to start up a family business. His loan request was approved in the frame of new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Zaal will purchase a minibus. After purchasing the minibus, he plans to buy and sell fruits and vegetables. He will buy fruits and vegetables from the wholesalers and resell them at a higher price. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of his family.



Loan details


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Loan details