A loan of $3,000 helped to open an auto parts shop.


Merab's story

Merab is 28 years old and lives in Tsalka District with his wife and three children. He works as a mechanic at an auto repair shop. The family has a plot of land where they grow potatoes and then sell them at local markets. But the money Merab earns is hardly enough to pay for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Merab requested a loan from local financial institutions several times for a family business start-up but without any success. His loan request was rejected every time because of his low income and the family’s poor living conditions.

Merab then requested a 3000 USD start-up loan from Credo. His request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisions providing start-up and re-startup loans with easy terms to country rural poor who do not have access to credit products, as they are regarded as high-risk borrowers due to low incomes.

With his loan Merab will open an auto parts shop. As he is well known locally and has a good number of clients, he thinks that the business will be profitable. This new business initiative financed with a Kiva start-up loan will significantly improve the living conditions of Merab’s family.



Loan details


Lenders and lending teams



Loan details