A loan of $1,225 helped to purchase chickens for a poultry farm start-up.

Eliza's story

Eliza is 50 years old. He lives in Khoni District, West Georgia, with her 20-year-old daughter, Teona.

Eliza requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan request was always rejected because of her low income and her family’s poor living conditions. Eliza’s husband and a son live abroad. They work abroad and send part of their income to the family.

Eliza is leading her family's small-scale agricultural business. She runs a family-owned dairy farm with two milk cows. Eliza produces cheese and sells it in the village. The family's average monthly income is GEL 150. It is not enough to provide Eliza and her daughter with normal living conditions. According to Credo estimations, the family belongs to the subsistence poor category.

Eliza requested a loan from Credo to start her family business. Her loan request was approved as part of a new joint initiative of Kiva and Credo. The start-up loan program provides credit for a 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, Eliza will purchase chickens to start a poultry farm. She will place the chickens in a shed located in their yard, 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. Eliza and her daughter also hope that the income will be enough for the family, so that their family members will be able to return home and work in the family business.

Loan details

Lenders and lending teams

Loan details