A loan of $1,300 helped to purchase a tractor.

Gia's story

Gia is 28 years old. He lives in Akhmeta District, East Georgia, with his wife, Lela, and one-year-old son. Gia has requested a loan from local financial institutions several times for agricultural business start-up, but without any success. His loan request was always rejected, because of low income and his family’s poor living conditions.

Gia works as a worker in the village. He earns on average 150 Laris per month, and it is the total average monthly income of the family. According to Credo's estimations, the family belongs to the subsistent poor category.

He has requested credit for the start-up of an agricultural business. His loan request was approved under a 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 credit products, as they are regarded as “high risk borrowers” because of their low income.

With the received credit Gia will purchase a tractor. He will perform agricultural work with the tractor on the lands of nearby farmers, mainly on tilling and sowing seasons and will be paid by landlords. It will significantly increase the income of the family, and Gia will be able to provide better living conditions for his son and wife.

Loan details

Lenders and lending teams

Loan details