A loan of $2,400 helped to purchase calves to start an animal husbandry business.

Valerian's story

Valerian is 55 years old, married, and has two children.. He lives in Kvareli District. Valerian requested a loan from local financial institutions several times for a family business start-up business, but without any success. His loan requests were rejected each time because of low income and the family’s poor living conditions.

The family earns their living through a small dairy farm of a calf and two milk cows. The family sells the dairy production locally. Valerian also owns a vineyard and has a small seasonal income. His son serves local farmers as a daily worker and has his own monthly income.

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

With the loan, Valerian will purchase calves to start an animal husbandry business. He will place cattle in a shed located in their yard, raise them, and sell them for a higher price. The new business initiative will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details