A loan of $3,000 helped to purchase stocks of groceries for his newly-started store.


Ramin's story

Ramin is 26 years old. He is unmarried and lives in Batumi city with his parents. Ramin’s mother is a teacher at the public school and his father is involved in a meat-trading business. The main income for Ramin is his newly-started grocery store, selling different types of groceries. As he has recently opened it, the store needs more support to further develop. Ramin’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, Ramin will cover the costs of purchasing needed stock of basic groceries that customers often request. He plans to increase the turnover in his trade business gradually. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Ramin will work hard, and he will be able to improve the 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.



Loan details


Lenders and lending teams



Loan details