Total loan: $1,500
Pirveli Maisi, Adjara, Georgia / Agriculture
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A loan helped to purchase chickens to raise and sell.
Gocha is 46 years old. He lives in a small village of the Khobi District with his wife, two children and his mother, who has a retirement pension. Gocha requested a loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected all the time, because of low income and family’s poor living conditions. The only source of the income for the family is from the agricultural activities. In particular, they have a milking cow, a calf and a plot of agricultural land, where nut trees are grown. They sell the harvested products and dairy products at local markets. It is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category. Gocha requested loan from Credo to start-up family business. His loan request was approved in the frames of new joint initiative of Kiva and Credo. Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Gocha will purchase chickens. He plans to raise them and sell them at a higher price. This will increase the income of his family and they will be able to improve their living conditions. Gocha awaits your support.