A loan of $850 helped buy a milk cow.


Rezo's story

Rezo is 55 years old. He lives in a small village in Khoni District, West Georgia. Rezo lives with his family: his 36-year-old daughter, son-in-law and two grandchildren (16 and 12 years old). The children go to school.

The family has a pig. They sell on average 9 piglets per year. Also, Rezo and his son-in-law work as workers in the village. They perform various work when they get orders. Although all family members work hard, they still live in poverty. Their total average monthly income is 330 Laris.

Rezo requested credit to start-up a dairy farm. His loan request was approved in the frames of a new joint initiative from Kiva and Credo. The start-up loan program envisages provisioning business start-ups and re-startups with credit 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, Rezo will purchase a milk cow. He will place it in the old cattle-shed located in his yard. He will start the production of cheese and sell it on local open market. The income for the family will increase by 150 – 200 Laris, which will mean 45 – 60% increase. The living conditions for the family will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market, in case of need.



Loan details


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Loan details