A loan of $675 helped to start an animal-sales business.

Rati's story

Rati is 31 years old. He lives in Zestaponi District with his wife and three children. Rati requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of his low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have a pig and piglets. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.

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

With the received credit Rati will purchase piglets and begin trading. He will expand his livestock and increase the income of the family. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details