A loan of $3,000 helped to purchase chickens to start a poultry farm.

Tinatin's story

Tinatin is 24 years old. She lives in the Martvili district, West Georgia with her parents and siblings. Tinatin 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.

The family is involved in a small-scale agricultural business. They run a family-owned dairy farm with two milk cows. Tinatin produces cheese and sells it in the village. In addition, they grow nuts and persimmons on the family-owned land. The family's average monthly income is 300 GEL ( Georgian Lari: 1 GEL = .60 USD). It is not enough to provide Tinatin and her family with adequate living conditions. According to Credo estimations, the family belongs to the subsistence poor category.

Tinatin has requested a loan from Credo to re-start her family business, which was stopped a couple of years ago because of financial problems. Her loan request was approved as part of a new joint initiative between 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 income, and they often do not have access to credit. With the credit, Tinatin will purchase chickens to start a poultry farm. She will place the chickens in a shed located in their yard, She will raise and sell the chickens for a higher price. The new business initiative, financed with the Kiva loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details