A loan of $1,800 helped to purchase two cows.

Malula's story

Malula is 37 years old. She lives in a small village of Akhaltsikhe District, South Georgia. Malula lives with her family: her husband, Tariel, two adult daughters (who are 20 and 17 years old), and a 2-year-old son. Malula’s eldest daughter is a student, and the younger daughter goes to school. Malula is busy with her trade business. She purchases dairy products, haricots, as well as other vegetables from local farmers and sells them in Tbilisi (the capital city of Georgia). She goes to Tbilisi every weekend. The total average monthly income of the family is 600 Laris. According to Credo estimations, the family belongs to the substantially poor category.

Malula has requested a credit for starting up a dairy farm. Her loan request was approved in the frames of a new joint initiative between Kiva and Credo. The start-up loan program provides business start-up and restart-up credits with soft conditions to the country's rural poor, which do not have access to credit products, because they are regarded as “high-risk borrowers” due to their low-income status. With the received credit Malula will start up a dairy farm. She will purchase two cows. The cows will be placed in an old cattle shed located in Malula’s yard. She will produce, on average, 40 kg of cheese each month and sell the produced cheese in Tbilisi together with other products that she sells. The income of the family will increase by 300 - 400 Laris, which will mean a 50% – 60% increase. The living conditions of the family will significantly improve. Malula will be able to finance the education of her younger daughter and provide better care for her little son. 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.

Loan details

Lenders and lending teams

Loan details