A loan of $925 helped to purchase calves.


Lavra's story

Lavra is 43 years old. She lives in a village of mountainous Kakheti, East Georgia. Lavra is divorced and she lives with her two sons (23 and 6 years old) and 73-year-old mother. Her younger son goes to school. Her elder son works as a worker. Lavra's mother has health problems. She gets a monthly pension. Lavra grows tomatoes, cucumbers and greens in her garden. She sells harvested products in the village. The total average monthly income of the family is 350 Laris, including the pension of Lavra's mother. It is hardly enough for feeding the four-member family. According to Credo estimations, the family belongs to the vulnerable poor category. Lavra requested credit for starting up an agricultural business. She received the loan in the framework of a new joint initiative of Kiva and Credo startup loan program, which envisages provision of business start-up and re-startup loans with soft conditions to the rural poor, who do not have access to credit products because they are regarded as "high risk borrowers" due to their low income. With the credit Lavra will purchase calves. She will feed them for five to six months and sell them for a profit in early fall. The family will get additional income. Lavra plans to re-invest part of it in the same business, and use the other part to improve the family's living conditions.



Loan details


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Loan details