A loan of $925 helped to purchase a milk cow.

Rashid's story

Rashid, 40 years old, lives in a small village in the Tetritskaro District with his wife and two children (5 and 22 years old). The family's only source of income is Rashid's monthly salary working locally as a shepherd.

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

Rashid will use this loan to purchase a milk cow, which he will place in the old cattle shed located in his yard. Rashid will start the production of cheese and sell it at the local open market. The family's income will increase by 150-200 Laris, a 45–60% increase. The family's living conditions will significantly improve and they will have enough income to access regular credit products available on the country’s capital market, in case of need.

Loan details

Lenders and lending teams

Loan details