A loan of $925 helped to start trading in fruits and vegetables.


Dato's story

Dato is 34 years old. He lives in the village of Naghobilevi, West Georgia, with his wife, two children and parents. Several times, he has asked for loans from local financial institutions to start up a new business, without success. His loan requests were rejected each time because of low income and lack of experience in his job, which is usually demanded by local credit providers. The income source for the family is the agricultural business run by Dato. He owns a citrus garden, grows kiwi fruits, nuts and maize, and sells the harvest at the local market. Besides that, the family breeds two calves and takes good care of them. Dato’s father is a truck driver and gets a transportation service fee per month.

Dato has requested a loan from Credo to start trading in fruit and vegetables. His loan request was approved as part of the new joint initiative of Kiva and Credo. The start-up loan program provides business start-ups and re-startups with credit with soft conditions to the vulnerable poor who do not have access to credit products, since they are regarded as “high-risk borrowers” because of their low income.

With the received credit, Dato will purchase fruits and vegetables in East Georgia, where prices are low, and sell the products in his district with a price mark-up. He will use his own van to make deliveries. Dato plans to increase the turnover in his trade business gradually. With this loan, the family will generate enough income to access regularly available credit products in the country’s capital market, in the event they need it.



Loan details


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Loan details