A loan of $1,225 helped to begin trading with fruits and vegetables.


Imeda's story

Imeda is a 43 years old man. He lives in the Lagodekhi District of Georgia, with his wife and 2 children. Imeda has requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time, because of low income and his family’s poor living conditions. The only source of income for the family is from agricultural activities. In particular, they have a vineyard and a plot of land, where maize is grown. They sell the harvested maize and wine locally at a good price. It is hardly enough for the family's food expenses. According to Credo estimations, his family belongs to the subsistence poor category. Imeda has requested a loan from Credo to start-up a family business. Imeda 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, Imeda will begin trading with fruits and vegetables. He plans to purchase a stock of fruits and vegetables, which will be transported by his minibus for resale at higher prices. This will help to increase the income of his family. This new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of Imeda's family.



Loan details


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Loan details