A loan of $2,125 helped to purchase pigs.


Otari's story

Otari is 56 years old. He lives in Kvareli District with his wife and grown son. Otari has requested several previous loans from local financial institutions for his family business start-up without any success. His loan request has been rejected many times because of his low income and lack of experience in his new business.

The family runs an agricultural business. In particular, they have a small dairy farm of 2 milk cows, whose milk is used in cheese products. The cheese is sold locally. Additionally, Otari owns a vineyard and a plot of land where maize is grown. Otari is also involved in a flour-trading business and gets monthly income.

Otari is requesting a loan from Credo to re-start-up his family business which he had to stop due to financial problems. He will use his loan to purchase pigs to start an animal husbandry business. He will put the pigs in a shed in the yard, raise them and will be able to sell piglets for a good price. Otari's loan request was approved within the framework of a new joint initiative of Kiva and Credo. This start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions for country rural poor who do not have access to credit products as they are regarded as “high risk borrowers” due to their low income. Otari's new business initiative, financed with his Kiva start-up loan, will significantly improve the living conditions of his family.



Loan details


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Loan details