A loan of $600 helped to start trading with fruits and vegetables.

Roman's story

Roman is 36 years old. He lives in Senaki District with his 35-year-old wife and 10-year-old daughter. Roman 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 low income and the family’s poor living conditions.

The family is out of a source of income at the moment.

Roman requested a 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 the 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 Roman will start trading with fruits and vegetables. He has a car. He will purchase the products at the wholesale price and resell them among the villagers and in the nearby village with a price markup. This will give him an opportunity to earn some income for the family. Roman will reinvest part of the profit. Another part will be used for ensuring a better life for his young daughter. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details