A loan of $1,200 helped to purchase a dentist chair and all the other needed equipment.


Zulpigar's story

Zulpigar is 46 years old. He lives in Marneuli district with his wife and daughter. He 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 has a grocery shop. They buy products from the local markets at a low cost and sell it from the shop with a price mark up. Zulpigar and his wife are working in the shop themselves so they don’t have to pay a salary to the seller, in order to have better profit.

Zulpigar requested a loan from Credo to start a family business. He 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 the 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, he will purchase a dentist chair and all the needed equipment for this field. As Zulpigar is a professional dentist, he will have a good numbers of clients. He plans to work from his house so he doesn’t have to pay rent. This will decrease his expenses and increase his profit. 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