A loan of $3,000 helped to purchase a mini-bus and drive on a bus-line.

Merab's story

Merab is 27 years old. He lives in a small village of the Tsetskhlauri, Kobuleti district with his wife and parents. Merab requested loans from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected every time because of his low income and the family's poor living conditions.

The main source of income for the family is from agricultural activities. In particular, they have a plot of land where mandarin trees and maize are grown. Harvested products are sold at the local markets.

Merab requested a loan from Credo to start up a family business. Merab 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 Merab will purchase a mini-bus. He will start working on a bus-line. Merab will drive the bus and increase the family's income. The new business initiative, financed with the Kiva start-up loan, will give Merab an opportunity to insure a better life for his family.

Loan details

Lenders and lending teams

Loan details