A loan of $2,500 helped to purchase materials to construct greenhouses and vegetable seeds.

Manana's story

Manana is 27 years old. She lives in a small village of Tskaltubo District. She lives with her family: husband – Zaza, her five-year-old daughter, her four-year-old son and her father in law. The family earns a living through agricultural business. They have a plot of land, where greens are grown. Zaza sells harvested greens at Kutaisi (a nearby town) market. The total average monthly income of the family is 150 Laris per month. According to Credo estimations the family belongs to the category 'subsistence poor'.

Manana has requested credit for the construction of greenhouses. Her loan request was approved in the frame of new joint initiative between 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 Manana will purchase materials to construct greenhouses (iron pillars and polyethylene) and vegetable seeds. Zaza and Manana will grow greens, cucumbers and tomatoes in the greenhouses throughout the whole year. They will sell the harvested products on Kutaisi Market. The income of the family will significantly increase. They will be able to combat their poverty and 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.

Loan details

Lenders and lending teams

Loan details