A loan of $1,825 helped to purchase calves.

Dato's story

Dato is 41 years old and lives in a small village of the Akhmeta District, East Georgia. Dato is a widower who lives in the village with his 19-year-old son and 17-year-old daughter. He requested a loan from local financial institutions several times for an agricultural business start-up but without success. His loan request was rejected because of low income and family’s poor living conditions.

Dato’s daughter goes to school. Dato and his son work as agricultural workers in the village. They earn on average 150 Laris per month and it is the total average monthly income of the family. According to Credo estimations, the family belongs in the vulnerable group category.

Dato requested credit for a start-up of agricultural business. His loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides credit with soft conditions to the country's rural poor, who do not have access to mainstream credit because they are regarded as “high risk borrowers” due to low income. With the received credit, Dato will purchase up to 30 calves. He will raise them over 5 to 6 months. He will take good care of the calves, as he has previous experience working with livestock. After selling the calves, he will purchase more of them and go through the same cycle. The new business initiative will increase the income of the family and Dato will be able to provide better living conditions for his children.

Loan details

Lenders and lending teams

Loan details