A loan of $1,525 helped to start up a grocery store.

David's story

David, 38, is married and lives with his wife, mother and three children ages 11, 12 and 13 in the village of Dzirula. David is a construction worker, and works at the local bridge building company. Besides that, he runs a small scale agricultural business and grows nuts in his garden. David owns a dairy cow and makes cheese with the milk produced. The cheese and the harvested nuts are sold locally.

David is an enthusiastic man, and wants to generate more income. The existing funds, though, are not enough to cover everyday expenses. So, David decided to start up a grocery store, but found that he didn't have enough money to do so. Unfortunately, David 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. However, David 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 restart-up loans with easy terms to the country's vulnerable poor who do not have access to credit.

With a loan of 2500 GEL (Georgian Lari), David will hire commercial space in his district and purchase basic groceries for starting up a store. He 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 give his family members better living conditions.

Loan details

Lenders and lending teams

Loan details