A loan of $2,100 helped to buy play equipment for children to install in the local park.


Levan's story

Levan is 32 years old. He lives in Kutaisi District, West Georgia, with his wife and two sons (5 and 6 years old). Levan applied for loans from local financial institutions several times for a family business start-up, but without any success. His loan applications were always rejected, because of his low income and the family’s poor living conditions. Levan is works as a security provider at the local bank. His wife is a seller in the local shop. They both receive small monthly salaries. Levan applied for loan from Credo to start up a family business. He 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 on 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, Levan will purchase play equipment for children. He will place the equipment in the local park. The park has been newly renovated, and local people are spending a lot of time there, in the fresh air with their families. Levan hopes to earn a good profit from this business in order to provide better living conditions for his family.



Loan details


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Loan details