A loan of $300 helped to purchase products to be able to serve food in his cafe.


Elshan's story

Elshan is 27 years old. He lives in Marneuli district with his wife, mother, brother and sister in-law. Elshan has requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time, because of low income and the family’s poor living conditions.

Elshan has a café. He sells cold drinks and beer and earns a small monthly income. His brother is an artisan of metal-plastic doors and windows and works on private orders.

Elshan requested a loan from Credo to start-up a family business. Elshan 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 for 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 Elshan will purchase products to be able to serve food in his cafe. As he will have not only drinks but also food to offer to his clients, Elshan will attract more customers and earn a better profit.

He will reinvest part of the profit into the same field to expand the business. Another part will be used for the 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