A loan of $600 helped to purchase products to make more food in his café.


Merab's story

Merab is 46 years old. He lives in Khelvachauri district with his wife and two children. Merab 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 his low income and the family’s poor living conditions. Merab has a café. He is selling Georgian cheese bread and some Georgian national food there to earn a small monthly income. This is the only source of income for living for the family. Merab requested a loan from Credo to start up the family business. Merab 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, Merab will purchase products to make more food in his café. His café is in a populous area and Merab hopes that, if he has more varieties of food to offer to the clients his profit will significantly increase. With the increased profit, Merab will be able to expand his business more and provide a better life for his children.



Loan details


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Loan details