A loan of $1,200 helped to purchase stock of groceries for his grocery shop.


Gia's story

Forty-six-year-old Gia lives in the capital city of Georgia, Tbilisi, with his wife, Nana. Gia 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.

Gia’s wife is working at the local border office as an assistant on a small monthly salary. The family has recently opened a grocery shop. Gia is working in the shop himself to earn additional daily income for the family.

Gia requested a loan from Credo to start up the 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 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, Gia will purchase stock of groceries for his grocery shop. He wants to expand the varieties of products in his shop in order to satisfy clients' needs more. This will help him to attract more customers and make his business profitable. Part of the profit, he will reinvest in the same field, and 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