Funded

Total loan: $1,825
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Tite

Georgia
Korbouli, Georgia / Animal Sales

A loan of $1,825 helped to purchase cattle to sell.


Tite's story

Tite, who is 46 years old, lives in a village in the Sachkhere District, which is in West Georgia, with his wife, 18-year-old son, and his retired father. The family owns a plot of land where different kinds of vegetables are grown. Besides this, the family runs a small dairy farm of four milk cows and produces dairy products. In addition, Tite is a mini-bus driver and transports passengers if there are any orders.

Tite has requested a loan to begin a trading business. He will purchase cattle in the villages of his district, transport them with his own car, and sell them at the local open market for a profit. The family's income will significantly increase, and the family members will be able to improve their living conditions. Also, in the future, the family will have enough income to access regular credit products available on the country’s capital market, in case of need.

Tite's loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program envisages the provision of business start-up and follow-up loans to the country's rural poor, who do not have access to credit products since they are regarded as “high-risk borrowers” because of low income.



Loan details

Loan length:

14 months
Disbursed date: December 14, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: December 14, 2012
Facilitated by Field Partner: LLC Micro Finance Organization Credo