A loan of $600 helped to start trading clothes and household goods.


Revaz's story

Revaz is 26 years old. He lives in Akhaltsikhe District with his 26-year-old wife and two children, who are going to school. Revaz requested a loan from local financial institutions several times for family business start-up but without any success. His loan requests were rejected all the time because of his low income and the family’s poor living conditions.

Revaz has his own car washing service. He is working there and washes cars to earn a small income for the family which is not enough to cover their monthly expenses.

Revaz requested a loan from Credo to restart 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 restart-up 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, Revaz will start trading clothes and household goods. He will purchase the products from the big market at the wholesale price and resell them among the villagers with a price markup. Revaz used to have this business before, and he is very experienced in this field. This will help him to restart up his business and make it successful. He will earn good profit which will be used for reinvesting and developing the business. 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