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Total loan: $2,200
Kolobani, Samegrelo-Zemo Svaneti, Georgia / Agriculture
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A loan helped To purchase two milk cows.
Nana is a 53-year-old woman from the village of Kolobani. She lives with her sister and brother-in-law, who also have two children. Sadly, because of lack of economic resources and because she had to start working at a very young age, Nana was unable to study a professional career. She works hard on the family-owned agricultural land, growing vegetables that are sold to local retailers for a good price. The agricultural activity is the only source of income for this five-member family. As the family has only seasonal income, Nana decided to start dairy farming and seek credit among local financial institutions, but her attempts were unsuccessful because of her poor living conditions. The startup program, which is a joint initiative between Kiva and Credo, enables rural poor people to get a loan for starting or re-starting businesses. Her application was approved under the framework of this program to get a loan of $2,200 for purchasing two milk cows. After the cows are purchased, the family will start producing dairy products like cheese and yogurt for selling. They will also use the milk products for feeding the family.