A loan of $1,825 helped to purchase materials for greenhouse construction.

Levan's story

Levan is 32 years old. He lives in Tskaltubo District with his wife, Tamar, two children (5 and 1 year old) and parents. The family earns a living through agricultural activities. They have a milk cow and grow greens on a family-owned plot of the land. The dairy products are mainly used by the family members and the greens are sold on the local open market.

Levan requested loans from local financial institutions several times for a start-up greenhouse, but without any success. His loan request was rejected all the time, because of low income and the family’s poor living conditions.

The average monthly income of the family is 500 GEL. According to Credo estimations, the family belongs to the subsistence poor category.

Levan requested a loan from Credo to start a greenhouse. His loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program envisages 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 low income.

With the received credit Levan will purchase materials for greenhouse construction. He will construct a greenhouse and grow cucumbers, tomatoes and greens during the whole year. It will increase the income of the family and their income won’t have a seasonal character any more. The increased income will allow the family members to improve their living conditions, first of all their two children.

Loan details

Lenders and lending teams

Loan details