Expired

Total loan: $5,000
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Lasha

Georgia
Kvaliti, Georgia / Retail

A loan of $5,000 helped to begin selling cars.


Lasha's story

Lasha is a 36-year-old man. He lives with his brother and mother in a small village in the Zestaponi district. The family runs an agricultural business. In particular, they have 2 cows and hens. His mother milks the cows every day and produces dairy products to sell. In addition, they have a vineyard and a 0.7 hectare plot of agricultural land, where different kinds of vegetables are grown. Sadly, for lack of economic resources and because he had to start working at a very young age, Lasha was unable to study for a professional career. He works hard on family-owned agricultural land.

As the family has only seasonal income, Lasha decided to start his own business and seek credit among local financial institutions, but his attempts were unsuccessful, because of his poor living conditions. A start-up program that is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get loans for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of 5,000 USD to sell cars. He will purchase and sell cars to generate income.



Loan details

Loan length:

39 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: November 3, 2013

Lenders and lending teams



Loan details

Loan length:

39 months
Disbursed date: August 30, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo
Expired: November 3, 2013