A loan of $2,425 helped to purchase equipment needed to start a car wash.


Oruj's story

Oruj is 48 years old. He lives in the small village of Lagodekhi District. Oruj has a large family: his wife, two sons, daughter-in-law, mother-in-law, and two grandchildren. Oruj 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 his family’s poor living conditions. The only source of the income for the family is from agricultural activities. In particular, they have a greenhouse where cucumbers and tomatoes are grown. They sell the harvested products seasonally. It is hardly enough food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Oruj requested a loan from Credo to start a family business. His loan request was approved in the frames of new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to country rural poor who do not have access to credit products, since they are regarded as “high risk borrowers” because of low income. Oruj will use his loan to start a car wash. He will purchase the essential equipment and a vacuum cleaner. Oruj will provide services to his local community members and hopes to increase the monthly income of the family. A little part of the loan will also be used for purchasing the seeds to sow in his greenhouse. His new business initiative will significantly improve the living conditions of his family.



Loan details


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Loan details