A loan of $500 helped to purchase a minibus and begin to trade in livestock.


Aleksi's story

Aleksi is 32 years old. He lives in the small village of Telavi District with his wife, two-year-old son, and parents. Several times, Aleksi requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and his family’s poor living conditions. The only source of the income for the family is from agricultural activities. In particular, they have a vineyard. They produce wine and sell it locally. In addition, his mother works as a cook and gets a small, monthly income. It is hardly enough money for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Aleksi requested 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 to 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, Aleksi will purchase a minibus. After purchasing the minibus, Aleksi will begin trading in livestock. He plans to purchase the livestock at wholesale prices and then resell it to his villagers with the price marked up. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details