A loan of $2,725 helped to build a greenhouse and grow mushrooms.

Elguja's story

Elguja is 47 years old and from the small village of Martvili district. He lives with his brother and mother. His mother is provided with a retirement pension. Elguja is actively involved in agricultural activities. In particular, he has two milking cows and a buffalo. Besides that, he has a vineyard and a plot of agricultural land, where 200 nut trees are grown. They sell the harvested products locally.

As the existing income is not enough for the family, he decided to start his own business. All the financial institutions rejected his loan requests because of his unstable financial conditions and lack of experience. After several unsuccessful attempts, Elguja applied for credit at MFO Credo. His request was approved in the framework of Start Up program, which is a joint initiative with Kiva, permitting the rural poor to start or re-start businesses. With a loan of 4500 GEL (Georgia lari), Elguja will build a greenhouse. As soon as the greenhouse is built, he will grow mushrooms for selling.

This credit will be a great support for the family. Elguja is thankful to Kiva lenders for giving him a chance to generate income.

Loan details

Lenders and lending teams

Loan details