A loan of $4,000 helped to purchase a mini-bus.


Gabil's story

Gabil is 38 years old. He lives in Marneuli district with his 28-year-old wife Naiba. Gabil 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 his low income and the family’s poor living conditions. The only source of the income for the family is from trading fruits and vegetables. Gabil purchases products from the villagers and brings it to the main market in Marneuli district, where all the products are sold with a price mark up.

Gabil requested a loan from Credo to start-up a family business. Gabil 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 Gabil will purchase a mini-bus. He wants to expand his trading business. With the mini-bus, Gabil will be able to purchase more products to sell. This will significantly increase his profit. Part of the profit he will be reinvested in the same field to purchase more fruits and vegetables and another part will be used for his family's well being. 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