A loan of $1,525 helped to pay for installation of electricity cables.


Ia's story

Ia is 28 years old. She lives in a small village of Mtskheta District with husband Kakhaber and two children who go to school. Ia requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected all the time because of low income and her family’s poor living conditions.

The family is involved in agricultural activities. They have a plot of land where different kinds of vegetables are grown for selling. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Ia requested a loan from Credo to start up a family business. Ia 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 her loan Ia will pay for installation of electricity cables in their car workshop. The family owns a car workshop located near their house, but it is not in use. After they have electricity in their workshop, Kakhaber himself will work and will get orders to repair cars. This will increase the income of their family. 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