A loan of $1,500 helped to buy two milk cows and start up a dairy farm.


Zviad's story

Zviad is 26 years old. He lives in the Khulo District with his wife, father and 3-year-old daughter.

Zviad requested a loan from local financial institutions several times for an agricultural business start-up, but without any success. His loan request was rejected each time because of his low income and the family’s poor living conditions. The source of income for the family is the monthly salary of Zviad, who works locally as a school watchman. Besides, the family grows potatoes on the family-owned agricultural land and sells the harvested products locally.

According to the government’s estimations, the family belongs to the vulnerable poor category and gets a relevant pension from the local government. The monthly income of the family is 300 Laris. It is hardly enough to feed a four-member family.

Zviad requested a loan from Credo to start up a dairy farm. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provisions of business start-up and re-startup credits with soft conditions for the country’s rural poor. The rural poor do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Zviad will purchase two milk cows. He will place them in an old empty farm building located in their yard. Zviad will work hard on the farm. He will produce dairy products and sell them in the village. The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double and the family members will be able to improve their living conditions.



Loan details


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Loan details