A loan of $1,000 helped to purchase raw materials and equipment for his new furniture workshop.


Aslan's story

Aslan is a 57-year-old man from Batumi, West Georgia. Aslan used to be a sailor, but nowadays he has no source of income. Aslan has requested loans from local financial institutions several times to start-up a family business, but without any success. His loan request was rejected each time, because of their low income and the family’s poor living conditions. Aslan requested la oan 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 the 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 their low income. Aslan has decided to open a workshop, where he will make furniture. He has one years experience in this field - he had worked as an artisan in a furniture workshop and decided to open his own workshop in his house. With the credit received from Credo, he will purchase raw materials and equipment for the workshop. His business will help to increase his income. The new business initiative, financed with the Kiva Start-up loan, will significantly improve Aslan's living conditions.



Loan details


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Loan details