A loan of $1,000 helped to trade with potatoes.

Irma's story

Irma is 36 years old. She lives in the Borjomi District with her 43-year-old husband, Jumber, and three children who are going to school. Irma requested a loan from local financial institutions several times for a family business start-up but without any success. Her loan request was rejected all the time because of low income and the family’s poor living conditions. The only source of income for the family is the mini-bus that they own. Jumber gets private orders and he transports different things.

Irma requested a loan from Credo to start up a family business. Her loan request was approved within 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 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, Irma will purchase potatoes at the wholesale price from Akhalkalaki district, bring it to Borjomi and sell it with a price markup among their villagers. 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