Total loan: $1,225


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Sagarejo, Kakheti, Georgia / Agriculture

Nino's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to start a dairy farm.

Nino's story

Nino, who is 24 years old, lives in the Sagarejo District with her husband and infant child. Nino requested loans from local financial institutions several times for an agricultural start-up business, but with no success. Her loan request was rejected each time due to low income and the family’s poor living conditions.

The income for the family comes from an animal husbandry business. Specifically, they own pigs and sell the pork and piglets seasonally. As well, Nino’s husband transports wood from the forest that he sells to the villagers, but their income is hardly enough to feed a three-member family. According to Credo estimates, the family belongs in the vulnerable poor category.

Nino requested a loan from Credo to start up a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides for business start-ups and re-startups. It has credits with soft conditions for the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to low income.

With the received credit, Nino will purchase two milk cows which she will house in an old, empty farm building located in the yard. Nino will work hard on the farm and will sell milk in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double, and the family members will be able to improve their living conditions.