A loan of $1,200 helped to purchase a minibus, for trading in fruits and vegetables.

Paata's story

Paata is 27 years old. He lives in a small village of Sachkhere District, with his wife and parents. Paata requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time, because of low income and the family’s poor living conditions.

The family is engaged in agricultural activities on a very small scale. In particular, they have three milk cows and a 0.7-hectare plot of agricultural land. In addition, Paata works as an artisan and gets a monthly income. Together, they have hardly enough to provide food for the family of four. According to Credo estimations the family belongs to the subsistence poor category.

Paata requested a loan from Credo to start up a family business. His loan request was approved, in the frame of a new joint initiative of Kiva and Credo. The Start-up Loan program envisages provision of business start-up and restart-up credit, with soft conditions, to country rural poor people who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Paata will purchase a minibus. After purchasing the minibus, he plans to trade in fruits and vegetables. He will buy fruits and vegetables from the wholesalers and resell them at higher prices. 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 the family.

Loan details

Lenders and lending teams

Loan details