A loan of $1,225 helped to purchase calves.

Vasil's story

Vasil is 52 years old. He lives alone in a village of Akhmeta District. Vasil is employed as a building worker in the village and earns 250 Laris per month. According to Credo estimations, he belongs to the vulnerable poor category.

Vasil requested credit for restarting of an agricultural business. Two years ago he was running a cattle-breeding business, but he sold the cattle, as he didn’t have a job for a long time and needed money to finance daily costs for food. Now he received a loan in the framework of a start-up loan program, initiated jointly by Credo and Kiva. This program aims at provision of business start-up or business re-start loans to Georgian rural poor, who do not have access to regular credit products, as they live in poverty and are regarded as “borrowers with high risk of default”.

With the requested loan, Vasil will purchase calves and raise them for 5-6 months. In early fall he will sell calves and get income. Vasil plans to expand the business in the future, through purchasing more and more calves. The business will give Vasil additional income and he will be able to live in better conditions.

Loan details

Lenders and lending teams

Loan details