A loan of $5,000 helped to renovate rooms and rent them out.


Zviad's story

Zviad is married and lives with his wife and two children (6 and 4 years old) in Tbilisi, the capital city of Georgia. Zviad requested loans from local financial institutions several times to start a family business, but without any success. His loan requests were always rejected because of his low income and the family’s poor living conditions.

Zviad rents property to earn a small monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the "subsistence poor" category.

Zviad has requested a loan from Credo to start a family business. His loan request was approved as part of a new joint initiative of Kiva and Credo. The start-up loan program provides credit to start and restart businesses. The loans carry soft conditions and are provided the rural poor who typically do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the loan Zviad will renovate rooms in his house in order to rent them out and increase the income of the family. He hopes that the new business initiative, financed with the Kiva start-up loan, will significantly improve their living conditions.



Loan details


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Loan details