A loan of $1,500 helped to purchase two milk cows.

Revaz's story

Revaz is twenty-eight years old. He lives in a small village in the Samegrelo Region, West Georiga with his family: wife – Rusudan, three children (seven, five and two years old) and parents. The family gets social assistance from the government, as a family living under the poverty line. Revaz works as worker in the village. Also they have one hundred nut trees on a family-owned plot of the land and they sell this product on the local market. Total average monthly income of the family is 430 Laris, including social assistance and the pension of Revaz’s mother.

Revaz has requested credit to start-up a dairy farm. His loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the 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, Revaz will start up a dairy farm. He will purchase two milk cows. The cows will be placed in an old cattle-shed, located in Revaz’s yard. Revaz will get on average twenty litres of milk from each cow. He will produce dairy products – mainly cheese and yogurt and sell them on a local open market. The average monthly income of the family will increase by 300 Laris. Ramaz will be able to improve the living conditions of his children and his other family members as well.

Loan details

Lenders and lending teams

Loan details