A loan of $625 helped to purchase melon seedlings.

Gocha's story

Gocha is 46 years old. He lives in the Gurjaani District with his retired parents.

Gocha requested a loan from local financial institutions several times for a 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 a small agricultural plot of land. Gocha and his father harvest grapes to make wine, which 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.

Gocha has 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-start-up 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, Gocha will purchase melon seedlings. He and his father will cultivate land to sow the melons to harvest and sell locally at the markets. The profit will be used to reinvest in the same business, and Gocha will sow more melons, which will increase the family’s income.

The new business initiative, financed with the Kiva Start-up loan, will give Gocha a chance to look after his aged parents and to provide better living conditions for them.

Loan details

Lenders and lending teams

Loan details