A loan of $4,200 helped to purchase a mini-bus and start trading in fruits and vegetables.


Ivane's story

Twenty-five-year-old Ivane lives in Akhmeta Kheltubani village, of the Gori district, with his retired father, mother, 24-year-old brother and sister-in-law. Ivane 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.

Ivane is working as an artisan at the local road building company. His family has three milk cows and they also own plot of land, where apple trees and garlic are grown. The cows are milked every day to produce cheese. The harvested products and cheese are sold at the local market.

Ivane requested a loan from Credo to start up a family business. Ivane 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 Ivane will purchase a mini-bus. He will start trading in fruits and vegetables. Ivane will purchase products at wholesale prices from the local market and resell them among the villagers with a price markup to earn a good profit. 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