A loan of $1,825 helped to begin trade in cereals, fruits and vegetables.


Ramaz's story

Ramaz is 46 years old. He lives in the small village of Martvili District with his mother, who has a retirement pension.

Several times, without success, Ramaz has requested loans from local financial institutions to start a family business. His requests have been rejected because of his low income and his family’s poor living conditions.

The family’s only source of income is from agricultural activities. Specifically, the family has a milking cow, a calf and two pigs as well as a plot of land, where nut trees are grown.

Ramaz also has a mill and gets orders to grind maize. His earnings are hardly enough for food for the family. According to Credo, this family belongs in the “subsistence poor” category.

Ramaz has been approved for a loan from Credo to start a family business. He was approved for the loan within the framework of the new joint initiative of Kiva and Credo. This start-up loan program provides business start-up and re-startup credits with soft conditions to poor people in rural areas, who do not have access to credit. The rural poor are regarded as “high risk borrowers” because of their low incomes.

With his loan, Ramaz will begin trading in cereals, fruits and vegetables. This will increase the family's income. This new business initiative, financed with the Kiva start-up loan, will significantly improve the family’s living conditions.



Loan details


Lenders and lending teams



Loan details