Expired

Total loan: $4,000
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Gocha

Georgia
Tsisplistskaro, Georgia / Transportation

A loan of $4,000 helped to purchase a minibus for trading fruits and vegetables.


Gocha's story

Gocha is 31 years old. He lives in the small village of Lagodekhi District with his wife, brother and pensioner parents. Gocha 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 the family's income is from agricultural activities. In particular, they have a plot of agricultural land, where they grow tomatoes, watermelons and eggplants. They sell the harvested products at local markets. Besides this, Gocha has a tractor which is rented out seasonally. It is hardly enough for the family's food expenses. According to Credo estimations, his family belongs to the subsistence poor category. Gocha has requested a loan from Credo to start-up a family business. Gocha has now been approved for a loan within the framework of a 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, Gocha will purchase a minibus. After the minibus is purchased, he will be able to begin trading with fruits and vegetables. This will help increase the income of their family. This new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of Gocha's family.



Loan details

Loan length:

14 months
Disbursed date: June 15, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: July 22, 2013

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 15, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: July 22, 2013