A loan of $925 helped to purchase pigs for starting an animal husbandry business.

Konstantine's story

Konstantine is 42 years old. He lives in the Tskaltubo district with his wife and mother. Konstantine has requested several previous loans from local financial institutions for his family business start-up without any success. His loan request has been rejected many times because of his low income and his family’s poor living conditions.

The only source of income for the family is the monthly pension from Konstantine’s mother and a small income from a dairy farm. Konstantine has a milk cow, whose milk is used in cheese products. The cheese is sold at the local open market.

Konstantine is requesting a loan from Credo to restart his family business, which he had to stop due to financial problems. He will use his loan to purchase pigs for starting an animal husbandry business. He will put the pigs in a shed in the yard and after several months the family will be able to sell the piglets for a good price.

Konstantine's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program supports the rural poor who do not have access to credit products since they are regarded as “high risk borrowers” due to their low income. Konstantine's new business initiative, financed with his Kiva start-up loan, will significantly improve the living conditions of his family.

Loan details

Lenders and lending teams

Loan details