A loan of $2,600 helped to begin trading in fish and meat.


Vazha's story

Vazha is 53 years old and married. He lives in a small village of Kvareli district with his wife and two children. His wife is a housekeeper and his daughter works as a saleslady at local market. His son is a physical worker and gets a small monthly income. Vazha is actively involved in agricultural activities. In particular, he has 1.4 hectares of agricultural land, where melon and maize are grown. Vazha works hard and always has high-quality products, which are sold to local retailers for a good price. As the family has only seasonal income, he decided to start a new business and seek credit among local financial institutions. His attempts were unsuccessful, though, because of his poor living conditions. The startup program that is a joint initiative between Kiva and Credo enables the rural poor and inexperienced people to get a loan for starting or re-starting businesses. Vazha's application was approved under the framework of this program for a loan of US$ 2,600. With the credit he will start trading in fish and meat. He will purchase from wholesalers and then resell at higher prices. This will increase the income of his family. The new business initiative will give Vazha chance to have financial stability and a regular monthly income.



Loan details


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Loan details