A loan of $2,725 helped to build a greenhouse to plant flowers that will be sold by his wife.

Besik's story

Besik is 47 years old. He lives in Martvili District with his wife, son, daughter-in-law and grandchild. The family runs a small dairy farm of two milk cows, whose milk is used in cheese products. The cheese is sold at the local open market.

Besides dairy farming, Besik serves the local people as a taxi driver with his own car. His wife is involved in a flower-trading business. She purchases flowers locally and sells them in the nearby district for a higher price.

All of the family members work hard, but the income is not enough for covering the everyday expenses. So, Besik decided to start up a new business. He has requested loans from his local financial institutions several times without any success. His loan requests were rejected every time because of low income and the lack of experience in the new job, which is usually demanded by local credit providers. His loan request was approved under a new joint initiative between Kiva and Credo.

The start-up loan program provides startup and re-startup credits with soft conditions for country, rural poor who do not have access to credit products since they are regarded as “high-risk borrowers” because of their low income.

With the loan, Besik will build a greenhouse. He will purchase building materials and construct it. Besik will plant different kinds of flowers, which will be sold by his wife at a good price. This will increase his income. The new business initiative, financed with the Kiva startup loan, will significantly improve the living conditions of the family. Besik awaits your support.

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