A loan of $2,450 helped to purchase calves.


Zaza's story

Zaza is 39 years old. He lives in a small village in Telavi District, East Georgia. This region is known for its well-developed agriculture. Zaza lives with his family: wife Khatuna, parents (retired) and two children (5 and 1.5 years old).

Zaza is the only income provider in the family. He is a worker in a local factory. The family also has a small vineyard. Zaza produces wine and sells it in the village. The family's average monthly income is 400 GEL, which includes the pensions of Zaza’s parents. According to Credo estimations, the family belongs in the subsistence poor category.

Zaza requested credit to start an agricultural business. He will purchase calves and raise them for five months. After this period Zaza will sell grown calves and earn a profit. His loan request was approved through a new joint initiative of Kiva and Credo. The start-up loan program provides credit to start-up and re-startup businesses with fewer restrictions. This program is designed for the country's rural poor, who are considered “high risk borrowers” because of low income. With the credit Zaza will start the business, which will provide additional income to the family. Calves will be placed in an old cattle shed located in Zaza’s yard. The average monthly income of the family will increase by 200 GEL, which will mean a 50% increase. The living conditions of 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.



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Loan details