A loan of $5,000 helped to purchase a stock of groceries and equipment for starting a grocery shop.

Lasha's story

Lasha is 27 years old. He lives in Sachkhere district with his retired parents and brother. Several times, Lasha requested a loan from local financial institutions for a family business start-up, but without any success. Each time, his loan request was rejected because of low income and his family’s poor living conditions.

Lasha is an artisan working on private orders and his brother is a driver. They both earn small, monthly salaries. Additional income for the family is from his parents’ pension.

Lasha requested a loan from Credo to start-up a family business. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions for the country's rural poor, who do not have access to credit products, being regarded as 'high risk borrowers' because of low income.

With the received credit, Lasha will purchase a stock of groceries. He has built a mall building and he renovated it himself. Now he wants to purchase all the needed equipment and groceries, so he can start his business.

Lasha is a very hard-working man and he will try his best to make the shop successfully work. Profit will be used for reinvesting, to add more groceries. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details