A loan of $1,925 helped to purchase calves to raise and sell.


Lia's story

Lia is 54 years old. She lives in the Telavi District in East Georgia with her husband, Malkhaz. Lia has requested a loan several times from local financial institutions for a family business start-up but without any success. Her loan request has been rejected each time because of her low income and the family’s poor living conditions. The only source of income for the family is a small monthly income earned by Malkhaz working as a watchman at the local factory. In addition, Lia works for local farmers as a daily worker to earn a small additional income. They earn in total 250 Laris per month which is hardly enough for food and everyday expenses. According to Credo estimations, the family belongs to the subsistence poor category. Lia has requested a loan from Credo to start up a family business. Her loan request was approved within the framewprk of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-start-up credit with soft conditions for the country's rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Lia will purchase calves in West Georgia where the prices are lower than in her region. She will raise and sell them at a good price. This will increase her family's income and she will be able to expand her animal sales business. This new business initiative, financed with the Kiva start-up loan, will significantly improve her family's living conditions.



Loan details


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Loan details