A loan of $4,000 helped to build a greenhouse and sow tomatoes and cucumbers.


Asad's story

Sixty-two-year-old Asad lives in Marneuli District with his wife and son. Asad has requested loans from local financial institutions several times for family business start-ups, but with no success, his requests consistently rejected because of low income and the family’s poor living conditions.



The only source of family income is agricultural activities, including their two cows whose milk is used in cheese production. Asad owns 0.7 hectare of land upon which he grows alfalfa. He also has a greenhouse and sows tomatoes and cucumbers. According to Credo estimates, the family belongs to the subsistence poor category.



Asad's loan request from Credo was approved within the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup loans with soft conditions to the country's rural poor, who do not have access to credit products since they are regarded as “high risk borrowers” because of low income. With the loan, Asad will build a new greenhouse which will enable him to grow more vegetables and thus increase the income of the family. This new business initiative will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details