A loan of $1,225 helped to build a greenhouse.


Vladimer's story

Vladimer, 57 years old, lives in Tskaltubo District with his wife and two children (10 and 24 years old). Vladimer requested a loan from local financial institutions several times for a family business start-up, but had no success. His loan requests were always rejected because of low income and the family’s poor living conditions. The family's only source of income is their small agricultural business; in particular, Vladimer sows greens and sells them in his village. According to Credo estimations, the family belongs to the subsistence poor category. Vladimer has requested a loan from Credo to start up a family business. His loan request was approved in the framework of a new joint initiative by Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up credits with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

Vladimer will use his loan to build a greenhouse. He will purchase building materials and greenhouse cellophane and construct the greenhouse. He will use part of the loan to purchase organic fertilizer. Vladimer will sow different kinds of vegetables and greens. After fertilization and properly done agricultural work, he will get a good harvest. The harvested products will be sold at a good price, which will increase the family's income. The new business initiative, financed with the Kiva start-up loan, will significantly improve the family's living conditions. Vladimer awaits your support.



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