A loan of $2,125 helped to purchase pigs to start up a pig-farm.

Levan's story

Levan is fifty-two years old. He lives in a small village of Kakheti Region, East Georgia with his wife, Nargiz. Levan works in a local dairy products processing factory as a shift supervisor. His monthly salary is 400 Laris and it is the only income of the family during the month. According to Credo estimations the family belongs to the subsistence poor category.

Levan requested credit to start-up a pig farm. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisages providing businesses with start-up and re-startup credits with soft conditions. This is important for the country's rural poor who do not have access to credit products, as they are regarded as “high risk borrowers” because of their low income.

With the received credit Levan will start up a pig farm. He will purchase five pigs and feed for them. After five or six months Levan will have piglets for sale. He will sell piglets in the village, as well as on the local open market. The family will sell on average 45 piglets per year. The income of the family will increase by 300 – 400 Laris per month, which will mean 75 – 100% increase. The living conditions of the family will significantly improve and in the future they will have enough income to access regular credit products available on country’s capital market, for further expansion of the family farm.

Loan details

Lenders and lending teams

Loan details