A loan of $3,000 helped to purchase a stock of groceries and open a shop.


Merab's story

Merab is 47 years old. He lives in the small village of the District with his wife and two children. Merab requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and his family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a milk cow, whose milk is used in cheese products. Besides that, they have a plot of agricultural land, where different kinds of fruit and vegetables are grown. They sell the harvested products with the cheese at local markets. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

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 the received credit Merab will purchase a stock of groceries and open a grocery shop. When the shop is opened, the family will have chance to generate income and make it stable. 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