A loan of $2,000 helped to purchase a truck to transport wood from the forest.


Shota's story

Shota is 29 years old. He lives in the Telavi district of Georgia with his wife and 4-year-old daughter.

Shota has unsuccessfully requested loans from local financial institutions several times to fund the start-up of his family business. His loan requests were rejected because of his family's low income and poor living conditions. The sources of income for Shota's family are the seasonal income from selling harvested maize grown on the family-owned land. Besides the maize, he raises three pigs and sells piglets.

The income totals 100 laris per month and is hardly enough to provide food for a family of three. According to Credo estimations, the family belongs to the "subsistence poor" category.

Shota requested a loan from Credo to restart his family business, which was stopped because of financial problems. His loan request was approved by a new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and restart-up credits with soft conditions to rural poor who do not have access to credit products, since they are often regarded as “high-risk borrowers” because of low income. With the received credit, Shota will purchase a truck to transport wood from the forest. The wood will be sold in his village and in nearby villages. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of his family.



Loan details


Lenders and lending teams



Loan details