A loan of $4,000 helped to purchase a minibus and begin to trade in fruits and vegetables.


Ekhtiram's story

Ekhtiram is 28 years old. He lives in the small village of Bolnisi District with his wife, sister and parents. Ekhtiram 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 only source of the income for the family is from their agricultural activities. In particular, they have a plot of land, where potatoes and haricot are grown. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Ekhtiram requested a loan from Credo to start up a family business. Ekhtiram 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, Ekhtiram will purchase a minibus and begin to trade in fruits and vegetables. This 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 the family.



Loan details


Lenders and lending teams



Loan details