A loan of $1,250 helped to purchase piglets.

Tinatin's story

Tinatin is 50 years old. She is from a small village of Akhmeta District, Eastern part of the country. Tinatin is married and lives with her family: husband Vazha and two daughters (13 and 9 years old). Both of her daughters go to school.

The only source of the income for the family is a milk cow. The family consumes about half of the dairy products and the rest is sold in the village. Tinatin mainly produces cheese and yogurt. The family's total average monthly income is 100 laris. They live below the poverty line and according to Credo estimations belong to the "vulnerable poor" category.

Tinatin requested credit for start-up of a pig farm. Her loan request was approved in the new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-start-up credits with soft conditions to the country rural poor, who do not have access to credit products since they are regarded as “high risk borrowers” due to their low income. With the received credit Tinatin will purchase 10 piglets. She will feed them for 8-9 months and sell most of the grown pigs for a higher price. She won’t sell all of the pigs, but will keep two pigs, which will provide on average 20 piglets per year. Tinatin and Vazha will sell piglets, mainly in their and nearby villages. As a result of the new business initiative, the income of the family will significantly increase and they will be able to combat their poverty. In addition, the Kiva start-up loan will allow the family to access regular credit products available on the country’s capital market in the future, in case of need.

Loan details

Lenders and lending teams

Loan details