A loan of $625 helped to rent a tractor for tilling the land, purchase fertilizers and maize for sowing.

Naili's story

Naili is 62 years old. She lives in a small village of Telavi District with her husband, Ivane. Both Naili and Ivane are retired. Their monthly pension in the amount of 214 Laris per month is the only source of the income for the family. According to the Credo estimations, the family belongs to the vulnerable, poor category.

Naili has requested credit for re-starting the family's agricultural business, which was stopped 3 years ago, because lack of recourse for financing the seasonal costs of the business. With the requested funds, Naili and Ivane will cultivate the family-owned plot of land and sow maize. Her loan request was approved in the frames of new joint initiative of Kiva and Credo. The start-up loan program envisages provisions for business start-up and re-startup credits with soft conditions to the country's rural poor population, which do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Naili will rent a tractor for tilling the land and purchase fertilizers and maize for sowing. Naili and Ivane will work hard on their plot of land during spring and summer to get a good harvest. They will sell harvested maize on the Telavi market. The family will get additional income and she will be able to improve family's living conditions. In addition to the above-mentioned, 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