A loan of $1,825 helped to begin trading cement.

Roman's story

Roman is a 43-year-old married man. He lives with his wife and three sons in a small village of Kobuleti district. His wife is housekeeper. One of his sons is provided with an invalidity pension from the government institutions. It is for a total of 70 Laris per month, which is for the medicines.

Roman works hard on family-owned agricultural land, growing maize, nut trees and mandarin trees. He always has high quality products, which are sold to local retailers for a good price. Roman has a higher level of education, but in the region there is a high unemployment rate, so self-employment helps inhabitants to make living.

Roman decided to start a trading business with a loan but the local credit providers usually demand experience and some stable income from the borrowers. His credit requests were rejected several times, as he was unable to satisfy their requirements. Roman received the credit in the framework of joint initiative of Kiva and Credo – Start-up Program that gives rural poor people the chance to start or re-start businesses.

With the loan of 3,000 GEL he will purchase cement to resell at a higher price. There is high demand for cement in his region and he hopes that the business will be profitable. The start-up credit will be a great support for the family, as their income will be significantly increased. With the increased income Roman will be able to improve the living conditions for his sons.

Loan details

Lenders and lending teams

Loan details