A loan of $1,525 helped to purchase a milk cow.

Darejani's story

Darejani is 53 years old. She lives in a small village in Lagodekhi District, East Georgia. Darejani lives with her family: her husband, son, daughter-in-law, mother-in-law, and infant grandchild.

The family has a milk cow and a calf. Also, the family grows peanuts, maize, and different kinds of vegetables on the family-owned land. Darejani sells cheese and peanuts at the local open market. The harvested maize is used by the family for feeding the cattle.

All family members work hard, but the income is not enough for the six-member family. Darejani requested credit to expand a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions provisioning business start-ups and re-startups with credit with soft conditions. These would be made available to the country's 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, Darejani will purchase a milk cow. She will place it in the old cattle-shed located in her yard. She will produce more cheese and sell the cheese on the local open market. The income for the family will increase by 150 – 200 GEL (Georgian Lari), a 45% to 60% increase. The living conditions for the family will significantly improve and the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

Loan details

Lenders and lending teams

Loan details