A loan of $3,000 helped to purchase all the needed mounting and cement to start making blocks.

Mirza's story

Mirza is 30 years old. He lives in Dimi village, Baghdati district, with his parents, brother and retired grandmother. Mirza 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 4 milk cows, 5 calves, a bull and 2 pigs. They also own a vineyard. The family milks the cows to make dairy products and also sells piglets. From the harvested grapes, they make wine and vodka. They have a truck and use it for distributing all the products locally at the markets.

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

With the received credit, Mirza wants to open a cement workshop to make cement blocks. He will purchase all the needed mounting and also cement and start making blocks. He will use the family truck for distributing them.

Mirza hopes his new business will be profitable, and he will be able to earn additional income to help his family to have better living conditions.

Loan details

Lenders and lending teams

Loan details