A loan of $1,525 helped to purchase chickens for poultry farm start-up.

Nugzar's story

Nugzar is 50 years old. He lives in Khoni District, West Georgia with his wife Gulnara and 22-year-old daughter. Nugzar requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was always rejected, because of his low income and his family’s poor living conditions.

Nugzar’s wife Gulnara lives abroad. She works abroad and sends part of her income to her family. Nugzar is leading his family's small-scale agricultural business. He runs a family-owned dairy farm with two milk cows. Nugzar produces cheese and sells it in the village. The family's average monthly income is 200 GEL. It is not enough to provide Nugzar and his daughter with normal living conditions. According to Credo estimations, the family belongs to the subsistence poor category.

Nugzar requested a loan from Credo to re-start his family business, which was stopped a couple of years ago because of financial problems. His loan request was approved as part of a new joint initiative of Kiva and Credo. The start-up loan program provides credit for business start-up and re-start-up with fewer conditions to the country's rural poor. This population is often considered "high risk borrowers" because of low incomes, and they often do not have access to credit. With the credit, Nugzar will purchase chickens to start a poultry farm. He will place the chickens in a shed located in their yard. He will raise them and sell them for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family. Nugzar and his daughter also hope that the income will be enough for the family so that Gulnara will be able to return home and work in the family business.

Loan details

Lenders and lending teams

Loan details