A loan of $625 helped to purchase a milk cow.

Badri's story

48-year-old Badri lives alone in Martvili district. Badri requested loans 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. Badri owns a plot of agricultural land where nut trees are grown. He also has a vineyard and trades with firewood. Harvested products are sold at the local markets and Badri earns a small monthly income.

Badri requested a loan from Credo to start-up a family business. He 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 the 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 Badri will purchase a milk cow. He will be milking the cow every day to produce cheese. Badri will sell the cheese at the local markets and increase his monthly income. With the increased income he will be able to improve his living conditions.

Loan details

Lenders and lending teams

Loan details