A loan of $2,425 helped to buy more stock of groceries for his newly started store.


Famil's story

Famil is 33 years old. He is married and lives with his wife and two children in a small village of Marneuli district. The family runs an agricultural business and has milk cows and calves. They produce cheese with the milk and sell it locally. The main income for the family is his newly started grocery store, selling different types of groceries. It has been a profitable project, but also needs more support to further develop. Several times he has asked for loans from local financial institutions to develop his business, but without success. His loan requests were rejected each time because of their low income. Famil’s loan request was approved as part of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions to the rural poor who do not have access to credit products, since they are regarded as “high-risk borrowers” because of their low income. With the received credit, Famil will cover the cost of purchasing needed stock of basic groceries that customers often request. He plans to increase the turnover in his business gradually. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Famil will work hard, and he will be able to improve living conditions for 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 that they need it and also Famil will renovate his house which is old and damaged.



Loan details


Lenders and lending teams



Loan details