A loan of $5,000 helped to buy a mini bus so he can work on the local bus line.


Bagrat's story

Bagrat is 46-year-old married man. He lives in Khelvachauri district with his 41-year-old wife and two children. Bagrat works as a cleaner and his wife works as a cook, so they earn a small amount of monthly salary. The family owns a plot of agricultural land where they grow citrus and vegetables. The harvested products are sold at the local market.

Bagrat is a very hard-working man, and he has been in this business for 21 years. He requested loans from local financial institutions several times for his family business start-up, without any success. His loan requests were rejected because of his low income and the family’s poor living conditions. According to Credo estimations, the family belongs to the "subsistence poor" category.

Bagrat's current loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides start-up and restart-up credit with soft conditions to the rural poor, who are considered “high risk borrowers” and often do not have access to credit products because of their low income. Bagrat has requested a loan to buy a mini bus. He wants to start working on the local bus line, transporting locals from his village to the district. The new business initiative will hopefully increase the family's monthly income and improve their living conditions.



Loan details


Lenders and lending teams



Loan details