A loan of $500 helped to open a fast food stall and sell doner.

Suliko's story

Suliko is 29 years old. He lives in Telavi District with his mother. Suliko 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 family’s poor living conditions.

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

Suliko has already rented a place in the center of the city. The place is very profitable to open a fast food stall, where he will sell doner. With the received credit, Suliko will purchase the stock of raw materials to make doner and a refrigerator for juices. 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