A loan of $975 helped to purchase piglets, raise them and expand their livestock.


Izolda's story

Izolda is 60 years old. She lives in Khoni District with husband Soso and son-in-law. Izolda is provided with a retirement pension. Izolda requested a loan from local financial institutions several times for family business start-up, but without any success. Her loan request was rejected each time, because of low income and the family’s poor living conditions.

The only source of the income for the family is from the agricultural activities. In particular, they have three milk cows, whose milk is used in cheese production. Izolda sells produced cheese locally at a good price. Besides, Izolda has 35 hens and sells eggs locally but that is hardly enough for food for a three-member family. According to Credo estimations, the family belongs to the subsistence poor category.

Izolda requested a loan from Credo to start up a family business. Her loan request was approved in the framewiork of a new joint initiative of Kiva and Credo. This start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Izolda will purchase piglets. After purchasing piglets, she will raise them and expand their livestock. That will increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details