Funded

Total loan: $1,200
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Papuna

Georgia
Kutaisi, Georgia / Restaurant

A loan of $1,200 helped to open a fast food business.


Papuna's story

Papuna is a 24-year-old man, from Kutaisi city. His only family member is his grandmother, who gets monthly assistance from the local government.

Papuna is unemployed at this moment, in spite of having high education. He has great desire to seek a fortune in private business. He decided to start his fast food 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 since Papuna didn't satisfy their requirements.

Papuna received credit in the framework of a joint initiative between Kiva and Credo called the Start-up Program, which gives rural poor people the chance to start or re-start businesses.

With the loan of USD 1,200, Papuna will purchase inventories, such as a display, refrigerator, machine tools, and furniture for his business. This will give him a chance to earn his own income and not depend on others. He dreams to save enough money to provide a secure future for his little family.



Loan details

Loan length:

14 months
Disbursed date: December 13, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: December 13, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo