A loan of $1,225 helped to purchase a stock of groceries.

Oneza's story

Oneza is 62 years old. He lives in a small village in the Akhmeta District with his wife and two children. Oneza requested a loan from local financial institutions several times for his family business start-up, but without any success. His loan request was rejected each time, because of low income and his family’s poor living conditions.

Oneza has a grocery shop and works with his wife there. Additionally, he has 2 calves and after they are grown his wife will produce dairy products to sell.

Oneza 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, Oneza will purchase a stock of groceries for his grocery shop. After the stock is purchased, he will be able to offer his clients more assortments of products and thus increase his sales, which will increase the income of his family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of his family.

Loan details

Lenders and lending teams

Loan details