A loan of $3,600 helped to start up a poultry farm.


Nikoloz's story

Nikoloz is 37 years old. He is unmarried and lives in the Tskaltubo District with his parents. Nikoloz is a fireman and gets a small monthly salary. The source of income for the family is the retirement pensions of Nikoloz’s parents. The family belongs to the vulnerable poor category. Since their income is not enough for the family's needs, Nikoloz decided to start up a new business. He went to a local credit agency to get money for this business start up, but without any success. His loan request was always rejected because of his low income and lack of experience in starting a new business. He received the loan in the framework of a start-up loan program that was initiated jointly by Credo and Kiva. This program aims at the provision of business start-up funds for the Georgian rural poor, who do not have access to regular credit products, as they live in poverty and are regarded as “borrowers with a high risk." With the requested credit, Nikoloz will purchase chickens and raise them. After 4-5 months, he will start to sell them. The hens will be sold on the open market in a nearby town by Nikoloz. He will reinvest the profit for the further expansion of the farm. Also, part of the profit will be used for purchasing some necessary household goods to improve his living conditions.



Loan details


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Loan details