A loan of $1,250 helped to purchase a digital camera.

George's story

George is 25 years old. He lives in Kutaisi, West Georgia with his wife and father. George requested loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time because of his low income and his family’s poor living conditions.

George’s father is an artisan. He works on private orders on construction and house renovations to get small monthly salary. This is the only income for the family, and it is not enough to cover monthly expenses.

George requested loan from Credo to start up a family business. His loan request was approved in the frames of new joint initiative of Kiva and Credo. This start-up loan program seeks to provide 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 their low income. With the received credit, George will purchase a digital camera. He will go on the weddings as an photographer, take pictures and edit them. George is very talented in taking pictures and people in his district know about it, so he will have many clients. As he will not have many expenses, George will make a good profit from this business. This 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