Total loan: $2,200
Chala, Imereti, Georgia / Transportation
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A loan helped to purchase a car for her son to use as a taxi.
Tsitsino lives in Sachkhere District. She is 57 years old and lives with her grown son, daughter-in-law, and a grandchild. The source of income for the family is an agricultural business -- a small dairy farm with a milk cow whose milk is used in cheese products. Some of the produced cheese is sold at the local open market, and the rest is left for the family's consumption. The total average monthly income is 100 GEL, which is hardly enough for food for a four-member family. Tsitsino and her son decided to start their business as their existing income wasn't enough for the family, and their living conditions are poor. Her loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with easy conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the received credit, Tsitsino will purchase a car, and her son will serve the local people as a taxi driver. The income of the family will increase, and they will be able to improve the living conditions of the family. Along with the above mentioned, the family will have enough income to access regular credit products available in the country’s capital market in case of need.