A loan of $3,000 helped to purchase calves.


Valodia's story

Valodia, 51 years old, lives in a village in Telavi District, East Georgia with his wife, Marine, and his retired father. The family owns a vineyard from which Valodia produces wine to sell in the village. Total average family monthly income is 200 Laris. According to Credo estimations, they belong to the subsistence-poor category.



Valodia has requested a loan to begin a new agricultural business, the raising of calves. He will purchase 10 – 11 calves to raise in an old cattle-shed located in his yard. After six months he will sell the grown calves for a profit. Valodia hopes that with a second future loan he will be able to purchase more calves to raise. The family's income will significantly increase, and the family members will be able to improve their living conditions. Also, in the future the family will have enough income to access regular credit products available on the country’s capital market, in case of need.



Valodia's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages the provision of business start-up and follow-up loans to the country's rural poor, who do not have access to credit products since they are regarded as “high risk borrowers” because of low income.



Loan details


Lenders and lending teams



Loan details