A loan of $2,075 helped to purchase a truck to start a transportation service.


Davit's story

David, a 31-year-old married man, lives in a small village in the Chokhatauri district with his wife and parents. His father is provided with a retirement pension, while the family is involved in agricultural activities.

With their cow and two calves, the family produces cheese for selling. David works hard on family-owned agricultural land, growing maize and nut trees. His high-quality products are sold to local retailers for a good price.

As the family has only seasonal income, David decided to start a transportation business. He sought credit from local financial institutions, but his attempts were unsuccessful because of his poor living conditions. A startup program, a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get a loan for starting or re-starting businesses. His application was approved under the framework of this program for a loan of 3400 Gel.

With the received credit David will purchase a truck to transport a variety of cargo, thereby increasing the family's income. The new business initiative will give him a chance to have financial stability and a monthly income.



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Loan details