A loan of $925 helped to purchase a coffee grinder machine.


Tariel's story

Tariel is 45 years old, married, and lives in the village of Darkveti with his wife and daughter.

Tariel is a metal craftsman and he works at the local mine. He earns a small, monthly salary. In addition, Tariel leads the family agricultural business. Specifically, he owns cows, one pig, and he cultivates a plot of land where various kinds of vegetables are grown. He works hard, but the earnings are not enough to satisfy the daily needs of the family. That’s why Tariel applied for the credit for restarting the coffee business which was stopped due to the financial problems.

His loan request was approved through a new joint initiative between Kiva and Credo. The program provides start-up and re-startup credits with soft conditions to the country's rural poor. These people do not have access to traditional credit products, being regarded as 'high risk borrowers' because of low income.

Tariel requested a loan to purchase a coffee grinder. His wife will sell coffee and offer grinding services to local people. The couple plans to increase the turnover in the trade business gradually. This will raise the income of the family, which Tariel will use to improve the family’s living conditions. He awaits your support.



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Loan details