Total loan: $550


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Jinvali, Mtskheta-Mtianeti, Georgia / Agriculture

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A loan helped to make a chicken incubator and generate his own business income.

Gocha's story

Gocha is 51 years old, from the village of Jinvali. He has a wife, a daughter, and a son. The only person who earns income for the family's welfare is Gocha's wife. She works as a director of the local kindergarten and gets a fixed salary of 400 GEL per month. This income is insufficient for covering all family expenses. Gocha has a great desire to have his own business and do his bit for the family's well-being. He decided to start poultry farming and he sought credit among local financial institutions, but his attempts were unsuccessful because of his poor living conditions. The startup program, which is a joint initiative between Kiva and Credo, enables rural poor and inexperienced people to get loans for starting or re-starting businesses. His application was approved under the framework of this program to get a loan of 1,200 GEL for making a chicken incubator, purchasing all needed equipment, and starting poultry farming. Gocha will sell chickens at the local market and make significant income. The family's living conditions will significantly improve, and the family will have enough income to access regular credit products available on the country’s capital market, in case of need.