A loan of $625 helped to cultivate the land and plant tomatoes and melon seeds.

Zurab's story

Zurab, 58 years old, lives alone in the Lagodekhi district, Leliani village.

Zurab has requested loans from local financial institutions several times for family business start-ups, but without any success. His loan requests were rejected all the time because of low income and poor living conditions.

Zurab runs an agricultural business. He owns a vineyard and plot of agricultural land where nut trees and different kind of fruits are grown. He harvests the products and sells them locally at the markets to earn small monthly income.

Zurab requested a loan from Credo to start a family business. Zurab 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 for 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, Zurab will cultivate the land. After the land is cultivated he will plant tomatoes and melon seeds. He will work hard to insure a good harvest and soon will be able to sell the products at the local markets at a good price. Zurab hopes to earn a good profit and use it for reinvesting and expanding his agriculture more.

Loan details

Lenders and lending teams

Loan details