A loan of $1,850 helped to purchase calves.


George's story

George is 28 years old. He lives in a small village in the Telavi District, East Georgia. George lives with his family: his wife Nina and their two-year-old daughter. George works in a local factory as a supervisor. His monthly salary is 400 laris, and it is the only income for the family. The family lives in poverty.

George has requested a loan to restart a livestock farm. He used to have a small dairy farm where he also raised calves. When his father became ill, George sold all of his cows and calves to raise money to pay for medical expenses. With the requested loan, George will purchase seven or eight calves and raise them for 5-6 months. After this period, he will sell them for a higher price to provide additional income for the family, which will significantly increase their income and improve their living conditions.

George’s loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides business start-up and restart-up loans with soft conditions to the rural poor. They often do not have access to credit, being regarded as “high risk borrowers” because of their low income. With this loan, the family's the living conditions will significantly improve; in addition, they will have enough income to access regular credit products available in country’s capital market in the future, should the need arise.



Loan details


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Loan details