A loan of $4,250 helped to purchase groceries.


Aleksi's story

Aleksi is 51 years old. He is married and lives in Akhmeta district with his wife and school-aged son. The family runs a small-scale agricultural business that has a cow whose milk is sold locally. Aleksi’s wife works as a local school principal and receives a monthly salary. Aleksi has made multiple loan requests, without success, from the local financial institutions in order to start up a trading business. His loan requests were rejected each time due to low income.

Aleksi’s loan request was approved as part of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions. Borrowers are the rural poor who do not have access to credit products, since they are regarded as ‘high-risk borrowers’ because of their low income. With the received credit, Aleksi will purchase basic groceries and set up a store. He plans to increase the turnover in his trade business gradually.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Aleksi will work hard, and he will be able to improve the living conditions for his family. With this loan, his family will generate enough income to access regular credit products in the country’s capital market, in the event that they need it.



Loan details


Lenders and lending teams



Loan details