Funded

Total loan: $700
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Peliks

Georgia
Senaki, Georgia / Fruits & Vegetables

A loan of $700 helped to start up selling fruit and vegetables.


Peliks's story

Peliks is 52 years old, a married man from the Senaki district of West Georgia. He lives with his wife and three children who go to the local school. The only income source for the family is their small monthly social assistance from the local government institutions, as they belong to the subsistence poor category and live in poverty.

As the existing income is not enough to make ends meet for a five-member family, Peliks decided to start a trading business with a loan but the local credit providers usually demand experience and some stable income from the borrowers. Peliks’s credit requests were rejected several times, as he didn’t satisfy their requirements.

Peliks received this credit in the framework of a joint initiative of Kiva and Credo, the so-called Startup Program that gives rural poor people the chance to start or re-start businesses. The loan of 700 USD will help Peliks to purchase starting inventory of fruit and vegetables. He will transport the products twice a month from the neighboring town and renew the assortment from local distributors as well.

Peliks thinks that the business will be profitable, as the market where his stall is situated has a great location and is crowded with people. After the business is started, the family will have a stable income to access regular credit products available in the country’s capital market, in case of need.

Peliks is very enthusiastic and is a hard-working person with a great desire to ensure his children get a good education for progressing in life.



Loan details

Loan length:

15 months
Disbursed date: June 28, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: June 28, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo