A loan of $925 helped to purchase materials for greenhouse renovation.

Vazha's story

Vazha, 51 years old, lives in the village of Mukhiani, West Georgia,with his two adult daughters (25 and 21 years old) and a son-in-law. His wife Shorena works abroad and transfers part of her income to her family to assist them financially. The main source of family income is a small dairy farm, led by Vazha. He has three milk cows from which he produces cheese to sell in the village to local dairy product retailers. According to Credo estimations the family belongs to the subsistence poor category.

Vazha has requested a loan from Credo to restart the family business which was stopped recently due to financial problems. His loan request was approved through a new joint initiative of Kiva and Credo, whose start-up loan program envisages the provision of business start-up and re-startup loans with soft conditions to the country's rural poor who do not have access to credit products because they are regarded as “high risk borrowers” due to low income. Indeed, Vazha had requested loans from local financial institutions several times, but was rejected each time due to his low income.

With the loan, Vazha will renovate family-owned greenhouses, which aren’t functional now due to a state of disrepair. After renovation Vazha will once more grow vegetables in the greenhouses during the whole year, and consequently the income of the family will significantly increase. It will therefore allow him to provide better living conditions for his family.

Loan details

Lenders and lending teams

Loan details