A loan of $250 helped to pay for land cultivation and to purchase maize.

Natela's story

Natela is from the village Napareuli in East Georgia. She is married and lives with her family: husband Ivane and their 25-year-old son. She requested a loan from local financial institutions several times for her agricultural business start-up, but without any success. Her loan request was rejected all the time, because of her low income and family’s poor living conditions.

Ivane works as a night watchman on a village farm. Her son is a worker in the village. Natela is a housewife. Their total average monthly income is 250 Laris. According to Credo estimations, Natela and her family belong to the subsistence poor category.

Natela requested an agricultural loan from Credo to start up a small-scale agricultural business. Her loan request was approved because of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to loans, as they are regarded as “high risk borrowers” because of low income.

With the received credit, Natela will cultivate the family-owned 0.3 hectares of land and sow maize. In particular, with the loaned amount she will rent a tractor for tilling the land and purchase maize for sowing. She will work hard on the plot during summer period to get a good harvest in early fall. Natela will sell harvested maize on the local open market. As a result of the Kiva loan, the family will get additional income and will use if for improving their living conditions.

Loan details

Lenders and lending teams

Loan details