A loan of $975 helped to build a greenhouse.

Gocha's story

Gocha is 24 years old. He lives in Tskaltubo District with his wife and two infant children. Gocha requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time because of low income and the family's poor living conditions. The only source of income for the family is a small agricultural business. They have a milk cow and 2 calves. The family produces cheese and sells locally. Their income is hardly enough for food for a four member family. According to Credo estimations, the family belongs to the subsistence poor category.

Gocha requested a loan from Credo to start up a family business and build a greenhouse. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages a provision of business start-up and re-startup credits with soft conditions to rural poor, who do not have access to credit products, being regarded as "high risk borrowers" because of low income.

With the loan, Gocha will purchase all the building materials for the greenhouse. After the greenhouse is built properly, Gocha will grow greens and tomatoes. The harvested products will be sold for a good price. The new business initiative, financed with the Kiva start-up loan, will significantly increase the family income and all members will improve their living conditions.

Loan details

Lenders and lending teams

Loan details