Funded

Total loan: $1,225
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Lizam


A loan of $1,225 helped to purchase calves.


Lizam's story

Lizam is 46 years old. He lives with his wife and son in the Kaspi District of East Georgia. His son works as a guide, and Lizam is a driver. They both earn a monthly income, but their income isn’t enough to feed three family members. Lizam requested a loan to start a dairy farm. His loan request was approved as part of a new joint initiative from Kiva and Credo. The start-up loan program provides loans with reasonable terms to start-up businesses. These loans are provided to the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to their low incomes. With this loan, Lizam will purchase calves to raise. After they become milk cows, Lizam will start producing dairy products. He will sell cheese and other dairy products locally. This will increase the income of their family. The family's living conditions 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

Loan length:

13 months
Disbursed date: November 26, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: November 26, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo