A loan of $700 helped to purchase groceries.to sell.


Zviad's story

Zviad is 25 years old. He lives in the Gori District with his mother. Zviad requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions. The only source of the income for the family is the newly started business. In particular, Zviad has a grocery store locally. It is hardly enough food for the family. According to Credo estimations, the family belongs to the subsistence poor category. His loan request was approved in the frame of the new joint initiative of 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, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Zviad will purchase a stock of groceries. This will increase the sales and thus 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


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Loan details