A loan of $2,000 helped to purchase a mini-bus to start trading fruits and vegetables.


Mamuka's story

Mamuka is 33 years old. He lives in Skra village in Gori district with his wife Diana and two children. Both of his children attend school. Mamuka requested a loan for a family business start-up several times from local financial institutions, but without any success. His loan request was rejected all the time, because of his low income and the family’s poor living conditions. Mamuka's family owns a small agricultural plot of land. Mamuka is harvesting it and planting vegetables. Harvested products are sold locally at the markets and the family earns a small monthly income.

Mamuka requested a loan from Credo to start a family business. His loan request was approved under a new joint initiative of Kiva and Credo. The start-up loan program provides business start-up and re-startup credit with soft conditions to the country's rural poor, which do not have access to credit products. They are often considered “high risk borrowers” because of their low income. With the credit Mamuka will purchase a mini-bus to start trading fruits and vegetables. He will buy at wholesale prices from Gori markets, bring the products to his village, and resell them with the prices marked up at the local market. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family, and Mamuka will be able to provide a better education for his children.



Loan details


Lenders and lending teams



Loan details