A loan of $3,200 helped to purchase liquid gas.

Guram's story

Guram is 57 years old. He lives in Oni District with his children (25-year-old daughter Ekaterine and 20-year-old son Ivane). Guram requested a 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 low income and his family’s poor living conditions.

Guram’s wife is working abroad and she sends transfers to the family. His daughter Ekaterine is an administrator in a food production company in the capital city. Guram’s son Ivane is an invalid and he gets monthly pension from the government. As Ivane needs special care, family monthly income is rarely enough to cover their food expenses.

Guram requested a loan from Credo to re-start up the family business. Guram 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 Guram will purchase liquid gas. He had this business before and still has the gas container so Guram wants’ to start up the business again. He will be filling up the small gas cannisters (which are used for mainly for cooking) for his villagers who don’t have piped gas systems in their houses.

Guram is experienced in this business and he hopes he can make it successful and earn good profit. Part of the profit will be reinvested in the same field to purchase more liquid gas and with another part he will provide better living conditions for his son.

Loan details

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Loan details