A loan of $3,000 helped to start up a grocery store.


Lasha's story

Lasha is 20-year-old student from the small town of Jinvali. Several days ago, he was married and now lives with his wife in his own house. The only income source for the family is money transfers from Russia, where Lasha’s father lives and works. As this income is not enough for the newlywed couple, Lasha decided to start up a business and become financially independent.

Unfortunately, Lasha was unable to obtain a loan from existing financial institutions, as they required a stable income and business experience as a precondition to a loan. But Lasha has now received his loan within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides start-up and re-startup loans with easy terms to country vulnerable poor who do not have access to credit products.

With a loan of 3,000 USD, Lasha will start up a grocery store and buy merchandise to stock it. Lasha will care for his clients and treat them in a kind and friendly way. With this determination and his loan, he expects to improve his income and get a quality university education.



Loan details


Lenders and lending teams




Loan details