A loan of $1,225 helped to purchase chicks.

Shota's story

Shota is 40 years old. He lives in Gardabani district with his wife, a brother, his retired mother and his son. Shota requested a loan 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 family owns a grocery shop and a second-hand clothes shop. Their additional income is Shota’s mother’s monthly pension.

Shota requested a loan from Credo to start up a family business. Shota has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who 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, Shota will purchase chicks. After the chicks are grown, he will sell them at a good price and earn additional income for the family. Shota is a very hardworking man, and he wants to develop his poultry business. To do so, he will work hard and reinvest the profit in the same field. The new business initiative, financed with the Kiva start-up loan, will give Shota the opportunity to provide better living conditions for his family.

Loan details

Lenders and lending teams

Loan details