A loan of $2,500 helped to purchase a tractor.


Rusudan's story

Rusudan is 46 years old. She lives in the Tskaltubo District with her husband Badri and their two sons (17 and 22 years old). The younger son attends the village school and the elder works in construction. Rusudan and Badri run a small-scale agricultural business, which, along with the elder son’s salary, is the family’s source of income. They earn an average total of 400 Laris a month. It is not enough for a four-member family to sustain normal living conditions. According to Credo’s estimate, the family falls into the “vulnerable poor” category.

Rusudan and Badri have 2 milking cows, and also produce cheese. Part of the cheese is consumed by the family and the rest is sold in the village. Rusudan has requested loans from local financial institutions several times to start another agricultural business, but without any success. Her loan requests were always rejected because of her family’s low income and poor living conditions.

Rusudan then requested a loan from Credo to start a new business. Her loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program provides credit to the rural poor who do not have access to it, being regarded as “high risk borrowers” because of their low income. With the loan Rusudan will purchase a tractor to provide seasonal agricultural services to local farmers, for which she will charge a service fee. This new business initiative will double the family’s income and enable them to improve their living conditions.



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