A loan of $5,000 helped to purchase gas containers and a special system for installing the gas in cars.


Mamuka's story

Mamuka is 35 years old. He lives in Kutaisi, West Georgia with his 26-year-old wife. Several times, Mamuka requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and his family’s poor living conditions.

Mamuka is a car artisan and has his own workshop. He installs gas systems in cars and gets a small monthly income which is rarely enough to feed the family. According to Credo estimations, the family belongs to the 'subsistence poor' category.

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

With the received credit, Mamuka will purchase gas containers and a special system for installing the gas in cars, and to have this in stock since he already has orders. Mamuka hopes the business will be successful as he is experienced in his business and has a large number of satisfied clients. The new business initiative, financed with the Kiva start-up loan, will give Mamuka the chance to develop his business and to provide better living conditions.



Loan details


Lenders and lending teams



Loan details