A loan of $1,100 helped to purchase a car for her husband to use as a taxi.


Maia's story

Maia lives in the Bolnisi District. She is 48 years old and lives with her grown son and husband. The source of income for the family is a small monthly salary earned by Maia, working as a teacher locally. Besides, the family runs a small dairy farm of two milk cows, whose milk is used in cheese products. The cheese is sold locally. In addition, she sows potatoes on the family-owned land and sells the harvested products at the local open market. Maia’s husband has a tractor and serves local farmers. Maia and her husband decided to start their business, as their existing income wasn't enough for the family and their living conditions are poor. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provisions of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the received credit, Maia will purchase a car, and her husband will serve the local people as a taxi driver. The income of the family will increase, and they will be able to improve the living conditions of the family. Along with the above mentioned, the family will have enough income to access regular credit products available in the country’s capital market in case of need.



Loan details


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Loan details