A loan of $1,850 helped to build a greenhouse.

George's story

George is 30 years old. He lives in Samtredia District with his wife, parents and two children (1 and 5 years old). George requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time because of low income and the family’s poor living conditions.

The only sources of income for the family are the monthly pensions of George’s parents and the small income earned by George working as an artisan in the village. It total 560 Laris per month. It is hardly enough for food for a six-member family. According to Credo estimations, the family belongs to the subsistence poor category.

George requested a loan from Credo to start-up a family business. His loan request was approved in the frame of a 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, George will build a greenhouse. He requested a loan to build a greenhouse. He will purchase building materials and construct it. David will sow different kinds of vegetables and greens to sell at a good price. This will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family. George awaits your support.

Loan details

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Loan details