A loan of $1,225 helped to start up a grocery store and buy a milk cow.


David's story

David is 58 years old and lives in the Ozurgeti district with his wife. The family runs an agricultural business and cultivates family-owned land, growing nuts and maize. The harvested products are sold at the local open market.

David requested a loan for starting up a trading business. His loan requests were rejected each time because he did not meet income requirements and he lacks experience in new business, which is usually demanded by local credit providers.

But David’s loan request was approved by Credo, as part of the new joint initiative of Kiva and Credo. The start-up loan program provides credit for business start-ups and re-startups. The program extends soft conditions to the rural poor who do not have access to credit products. They are regarded as “high-risk borrowers” because of their low income.

With the received credit, David will cover the costs of purchasing his initial inventory of basic groceries for starting a grocery store. He plans to increase the turnover in his trade business gradually. Another part of the credit will be used for purchasing a milk cow. After the cow is bought, the family will produce cheese with the milk and sell it from their grocery store.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. David will work hard, and he will be able to improve the living conditions of his family. With this loan, his family will generate enough income to access regular, available credit products in the country’s capital market in the event they need it in the future.



Loan details


Lenders and lending teams



Loan details