A loan of $3,000 helped to purchase sheep and start an animal husbandry business.


Marina's story

Marina is 30 years old. She lives in the Telavi District with her husband, Shalva, her 3-year-old daughter and her mother-in-law. Marina requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time because of low income and the family’s poor living conditions.

The only source of income for the family is a small income of Shalva, taking wood from the forest and selling it in their village. It makes a total of 200 Laris per month. It is hardly enough for food for a four-member family. According to Credo estimations the family belongs to the subsistence poor category.

Marina requested a loan from Credo to re-start-up the family business, which was stopped recently because of financial problems. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit Marina will purchase sheep. The family will breed sheep and sell lambs at a good price. This will increase the family income. The new business initiative, financed with the Kiva Start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details