A loan of $3,000 helped to pay the toll for his crane machine.


Vitali's story

Vitali, age 31, lives in the village of Akhali Sopeli with his parents, wife, two children and a grandmother. Vitali’s mother and wife are first aid doctors and his father is a director of Limited Company. All of the family members earn monthly salaries.

As the existing income is not enough for a seven member family, Vitali has decided to start up a new business, but he does not qualify under existing income requirements. Vitali is requesting a loan under the framework of a new joint initiative between Kiva and Credo. This loan program envisions providing start-up and re-startup credits with soft conditions to the rural poor, who do not have access to many credit products as they are regarded as “high risk borrowers” because of low income.

Vitali has purchased a crane machine and needs money to pay the toll. After the tax is paid, Vitali will collaborate with construction companies and work privately as well so that he can earn additional income. Vitali hopes to increase the monthly income of his family with this new business initiative. He is confident that his investment will significantly improve the living conditions of the family.



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Loan details