A loan of $1,225 helped to purchase seats for his mini-bus.

Mirian's story

Mirian is 28 years old. He lives with his wife and two daughters (5 and 6 years old) in Keda district. Mirian 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.

The family runs an agricultural business. They have one milk cow, a vineyard and a plot of agricultural land. The cow is milked every day to produce cheese. From the harvested grapes, Mirian is making wine, and on the plot of land, vegetables are grown. Mirian is a very hardworking man. He is working very hard to earn a small monthly income by selling all the products at the local markets.

Mirian requested a loan from Credo to start up a family business. Mirian 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 Mirian, will purchase seats for his mini-bus. He wants to start driving it on a bus line from his village to the Batumi direction. Mirian will work as hard as he can to earn a good income and use it for his family to provide all the needed household goods and cover their monthly expenses. 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