A loan of $2,150 helped to install the water system and purchase vegetable seeds and fertilizer for his greenhouse.


Ramin's story

Ramin is 37 years old. He lives in Batumi District with his wife and 17-year-old daughter. Ramin 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 low income and the family’s poor living conditions.

The family is renting part of their house to foreigners and get a small monthly income, which is the only source of living for them.

Ramin requested a loan from Credo to start up a family business. Ramin 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, Ramin will install the water system in his greenhouse and purchase vegetable seeds and fertilizer. He has already built a greenhouse and now needs to prepare land for harvesting vegetables. The harvested products will be sold at the local markets, and Ramin will earn a good profit for his 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