A loan of $325 helped to purchase melon saplings.


Aleksandre's story

Aleksandre is 42 years old. He lives in the Gurjaani District with his parents, brother, sister in-law, and an infant nephew. Aleksandre requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected each time,because of his low income and the family’s poor living conditions.

His family owns a vineyard and small plot of agricultural land. Aleksandre and his father harvest grapes to make wine that they sell locally at the markets. They earn a small monthly income which is the only source of income of the family. According to Credo estimations, the family belongs to the subsistence poor category.

Aleksandre has requested 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 as they are regarded as “high risk borrowers” because of low income.

With the received credit Aleksandre will purchase melon saplings. He and his father will cultivate land to sow melons to harvest and sell locally at the markets. The profit will be used to reinvest in the same business and he will sew more melon which will increase the family income. The new business initiative, financed with the Kiva Start-up loan will give Aleksandre a chance to improve the living conditions of the family.



Loan details


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Loan details