A loan of $3,200 helped to more easily sell fruits and vegetables by purchasing a car and to purchase chickens.

Gia's story

Gia is 38 years old. He lives in the small village of Kobuleti District with his mother, who receives a retirement pension.

Gia requested loans from local financial institutions on several occasions for a family business start-up. But he did not have any success securing loans from the local institutions: his loan requests were rejected each time because of his low income and his family’s poor living conditions.

The sole source of income for his family is from agricultural activities. In particular, they have a plot of agricultural land, where they grow different kinds of fruits and vegetables. They then locally sell the harvested fruits and vegetables. But the income they generate is hardly enough to support the family. According to Credo estimates, the family belongs to the subsistence poor category.

Gia requested a loan from Credo for a start-up family business. Gia 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 providing business start-up and re-startup credits with lenient 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 the loan proceeds, Gia would like to purchase a car. After purchasing a car, he feels he will be able to better distribute fruits and vegetables for sales purposes. He will also purchase chickens to re-sell. By doing so, he believes that he will increase his family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve his family's living conditions.

Loan details

Lenders and lending teams

Loan details