A loan of $3,000 helped to buy his own truck and get orders for transportation of goods, to earn more income.


Irakli's story

Irakli is 43 years old, and comes from Sachkhere district. He is married and lives with his wife and two children (18 and 20 years old). Irakli 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 low income and the family’s poor living conditions.

The only source of income for the family is Irakli’s monthly income, earned by working as a driver of a truck. It is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Irakli requested a loan from Credo to start up a family business. Credo approved his loan request, in the frame of a new joint initiative of Kiva and Credo. The Start-up loan program envisages provision of business start-up and restart-up credits, with soft conditions, to Georgia's rural poor, who do not have access to other credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Irakli will buy a truck of his own. After purchasing his own truck, Irakli will accept orders to transport various kinds of things, and he will earn profits. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the income and living conditions of the family.



Loan details


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Loan details