A loan of $1,350 helped to begin trading piglets.

Givi's story

Givi is 60 years old. He lives in the small village of Senaki District with his wife. Givi has requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have two milking cows, two calves and three pigs. Besides these animals, they have a plot of agricultural land, where nut trees are grown. They sell the harvested products locally. It is hardly enough to buy food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Givi has requested a loan from Credo to start up a family business. Givi has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to rural poor people, who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income. With his credit Givi will begin trading piglets. He plans to purchase piglets and after few months re-sell them at a good price. This will increase the income of the family. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details