Total loan: $2,600


Kvitiri, , Georgia / Agriculture

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A loan helped to purchase materials for greenhouse construction.

Lia's story

Lia is from the village of Kvitiri, West Georgia. She is 26 years old, married and lives with her big family: her husband Lasha, two daughters (3 and 1 years old), parents-in-law and the grandmother. She has requested a loan from local financial institutions several times for agricultural business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions. The main source of the income for the family is small scale family farming. They grow greens on a family-owned plot of land. Lia’s parents-in-law sell harvested greens at the local open market. The total average monthly income of the family is 700 Laris. It is hardly enough to pay for food for a seven member family. According to Credo estimations, Lia’s family belongs to the subsistence poor category. Lia has requested a loan from Credo for constructing a greenhouse. Her loan request was approved in the frames of a 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 the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Lia will purchase iron materials and glass for the greenhouse. She will grow greens (in winter and spring months) and cucumbers (during summer and fall seasons) in the greenhouse. Lia and Lasha will work hard in the greenhouse during the whole year to get quality harvests. Lia’s parents-in-law will sell the harvested products at the open market in the nearby town. The new business initiative, financed with the Kiva Start-up loan, will increase the average monthly income of the family by 50%. The family members will be able to increase their spending to satisfy family members’ daily needs, in order to improve their living conditions.