A loan of $1,500 helped buy 2 hectares of land.

Ramaz's story

Ramaz is 47 years old. He lives in a village in the Samegrelo region of West Georgia with his family: his wife Emma, three children (10, 7 and 1 years old) and his mother. The older children go to a local school.

The only source of the income for the family is a small-scale agricultural business. They have a milk cow, the dairy products from which are mainly consumed by the family members. The small surplus is sold in the village. Also the family owns 150 nut trees and they sell nuts in season. The total average monthly income for this 6-member family is 300 Laris, including the monthly pension of Ramaz’s mother. According to Credo estimations, the family belongs to the rural poor.

Ramaz requested credit to purchase 2 hectares of land. His loan request was approved in the frames of a new joint initiative between Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income.

With the received credit, Ramaz will purchase 2 hectares of land. He will sow maize on the land every year and sell the harvest in the fall. The income for the family will double and the family members will be able to improve their living conditions significantly. In the future, the family will have enough income to access regular credit products available on the country’s capital market.

Loan details

Lenders and lending teams

Loan details