A loan of $2,000 helped to start up a small workshop and buy materials that will enable him to make more shoes.

Gocha's story

Gocha is 47 years old. He is married, and he lives with his wife and daughter. His daughter goes to the local kindergarten. Gocha is a shoemaker and makes shoes, which he sells from his house. His wife runs a small-scale trading business, selling clothing among their neighbors.

Gocha has requested credit to expand his business. His loan request was approved, in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages providing business start-ups and restart-ups with credit on soft conditions, for the country's rural poor people, who do not have access to regular credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit, Gocha will start up a small workshop, and he will buy soles and leather materials with which to make shoes. He will produce more shoes and sell his products for a good price. The new business initiative will increase the monthly income for the family. Their living conditions will improve, and in the future, they will have enough income to access regular credit products available on the country’s capital market, in the event of need.

Loan details

Lenders and lending teams

Loan details