Total loan: $3,000
Tskaltubo, Imereti, Georgia / Agriculture
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A loan helped to purchase bee-hives and bee colonies.
Inga is 39 years old. She lives in the Tskaltubo District with her mother, who is a pensioner, and her 4 year old daughter. Inga and her mother have a vineyard and sell wine at the local open market. The average monthly income of the family is 300 Laris, which is hardly enough to buy food for a three-member family. According to Credo’s estimate, the family falls into the “subsistence-poor” category. Inga has requested loans from local financial institutions several times for an agricultural start-up business, but without any success. Her requests were always rejected, because of her family’s low income and poor living conditions. Inga then requested a loan from Credo to start a new business: apiculture (beekeeping). Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides credit to the rural poor who do not have access to it, and are regarded as “high risk borrowers” because of low income. With this loan Inga will purchase 40 bee-hives with bee colonies, and place them in an old empty farm building located in their yard. Inga will work hard. She will produce honey and sell it along with her wine in the village and at the local open market. Her new business, financed with this Kiva start-up loan, will double the family’s income and allow them to improve their living conditions.