A loan of $925 helped to purchase piglets and feed.

Anzor's story

Anzor is from the village of Akhalsopeli in the Kakheti region of East Georgia. He is 63 years old and lives with his 16-year-old son and two grandchildren of 11 and eight years. Anzor’s grandchildren go to school. Anzor has requested loans from local financial institutions several times to fund the start-up of his agricultural business without any success. His loan requests were rejected each time due to his low income and his family’s poor living conditions.

The family's only source of income of the family is Anzor's monthly salary. He is an agricultural worker in the village. The family's monthly income doesn’t exceed 200 GEL, or approximately 120 USD. It is hardly enough to feed a four-member family. According to Credo estimations, the family belongs to the subsistence-poor category.

Anzor is requesting this loan through Credo to start a pig farm. His loan request was approved in the frames of the new joint initiative between 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 credit products, being regarded as “high risk borrowers” because of their low incomes.

With the loan, Anzor will purchase piglets and feed. He will place his piglets in an old empty pig farm located in his yard. Anzor will work hard in the farm and, after 6 months, he will be able to sell first piglets. The new business initiative, financed with the loan, will significantly increase the income of his family. Anzor will be able to create better living conditions for his son and grandchildren.

Loan details

Lenders and lending teams

Loan details