A loan of $1,900 helped to renovate four rooms for renting.

Amiran's story

Amiran is 22 years old. He lives with his brother and parents in Batumi District, West Georgia. His brother is a sailor. Amiran requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan requests were always rejected because of low income and the family’s poor living conditions.

The only source of the income for the family is a small income earned by Amiran’s father, who is working as an auto repairer locally for 400 Laris per month. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Amiran requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high-risk borrowers” because of low income.

With the received credit, Amiran will renovate four rooms on the second floor of their house. After the rooms are renovated, he plans to rent them out and earn money. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details