Funded

Total loan: $1,225
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Avtandil

Georgia
Vani, Georgia / Transportation

A loan of $1,225 helped to purchase a mini-bus to work on private orders and transport cargoes.


Avtandil's story

Avtandil is 52 years old. He lives in Vani District with his 50-year-old wife Nato, his retired mother and three grown up children. Avtandil requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The main source of income for the family is from agricultural activities. They have a milk cow and a pig. Also they own a plot of land where nut trees and greens are grown. With the milk they make cheese and sell it together with the harvested products locally at the markets.

Avtandil requested a loan from Credo to start up a family business. His loan request was approved within 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 country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Avtandil will purchase a mini-bus. He will work on private orders and transport cargoes throughout his district. With the profit he plans to renovate his house so his family can have better living conditions.



Loan details

Loan length:

26 months
Disbursed date: March 6, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: March 6, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo