A loan of $925 helped to start trading in clothing and household items.


Beka's story

Beka, age 20, is single and lives in the small village of Gelati with his grandmother. Beka’s mother lives and works in the capital city and visits her family members rarely. Beka and his granny run a small scale agricultural business. In particular, they cultivate land where maize is grown. Beka also produces hay which is used for feeding his livestock: a cow and a pig. Beka works hard all day long and wishes to get ahead.
Several times, he has requested loans from local financial institutions in order to start up trading business, but without any success. His loan requests were rejected because of lack of experience in the business, which is usually demanded by local financial institutions. His loan request has now been approved in the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages the provision of business start-up and re-start-up credit, with soft conditions to country's vulnerable poor, who do not have access to credit products, being regarded as 'high-risk borrowers' because of low income.
With the received credit, Beka plans to purchase clothing and household items from wholesalers in the capital city open market and then sell these items from his house. After investing the funds in his business, Beka hopes to generate additional revenue and invest the profits to further develop his business. Beka’s grandmother will assist him for running the business. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details