Total loan: $2,700
Opshkviti, Imereti, Georgia / Agriculture
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Hamlet's loan finished fundraising,
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A loan helped to build a greenhouse.
Hamlet is 48 years old. He lives in Tskaltubo District with his wife Natia. The family sows greens in the open ground and sells them in an open market in Kutaisi, a neighboring town. In addition, Hamlet owns a milk cow and produces cheese products. He 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 every time, because of low income and his family’s poor living conditions. The main source of income for the family is what Hamlet earns working as an artisan in the village. Hamlet requested a loan from Credo to start up a family business. His loan request was approved within the framework of a new joint initiative between Kiva and Credo. The start-up loan programs extend to the country rural poor business start-up and re-start up credits with soft conditions. These families do not have access to credit products, because they are regarded as “high risk borrowers” because of low income. With the received credit Hamlet will build a greenhouse. He will purchase building materials and construct it. Hamlet will sow different kinds of greens and tomatoes to sell at a good price. This will increase the income of his family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family. Hamlet awaits your support.