A loan of $600 helped to buy fruits and vegetables to sell.


Zakhir's story

Zakhir is 38 years old. He lives in Marneuli District with his 30-year-old wife, retired parents, and two children (10 and 6 years old). Zakhir requested a loan from the local financial institutions several times, for a family business start-up, without success. His loan request was always rejected because of low income and the family’s poor living conditions. The only source of income for the family is the monthly pension of Zakhir’s parents. Their income is so small that it’s hardly enough for food.

Zakhir has now been approved for a loan within the framework of the new joint initiative between Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credit with soft conditions to the rural poor, as they do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With his credit, Zakhir will purchase fruits and vegetables. He will rent a small counter at the local market and purchase products from the villages at the wholesale price. He will sell from his counter at a higher price and earn a good profit. Part of the profit will be used to purchase inventory in order to expand the business. Additional profit will be used to cover the family’s living expenses. 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