A loan of $2,000 helped to purchase four milk cows for starting up a dairy farm.


Indira's story

Indira is 34 years old. She lives in a village of Tskaltubo District, West Georgia. Indira is unmarried and lives with the family of her younger sister – Londa (her sister), her brother-in-law, her 3-year-old nephew and 4-year-old niece. Londa is a student. Indira is busy with agriculture, which is the main source of the income for the family. She grows maize on the family-owned 1 hectare of land. Maize is sold on the local market and brings the family on average 200 Laris per month. This income is hardly enough for feeding family members.

Indira requested credit for starting up an agricultural business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with easy conditions for country rural poor, who do not have access to credit products, and are regarded as “high risk borrowers” because of low income.

With the loan Indira will start up a dairy farm. She will purchase four milk cows. Cows will be placed in an old cattle-shed, located in Indira’s yard. She will produce on average 100 kg of cheese, 90 of which will be sold on the local market, to dairy products retailers. The income of the family will increase by 500 – 600 Laris, which will mean 150 – 200% increase. The living conditions of the family will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market.



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Loan details