A loan of $1,200 helped to rent a tractor for tilling, and for the seeds to plant.

Amiran's story

Amiran is from the village of Ratevani. He is single, and lives with his family: parents and a sister.

He requested a loan from local financial institutions several times for his agricultural business start-up, but without any success. His loan request was rejected every time, because of his low income and the family’s poor living conditions.

Amiran works at local road building, and gets a small monthly salary. In addition, the family grows maize and haricots on their agricultural land, and sells the harvested products at the local open market. In addition, Amiran breeds rabbits and runs small animal husbandry business.

Amiran requested an agricultural loan from Credo to start-up a small-scale agricultural business. His loan request was approved, as a result of the new joint initiative between Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor, who do not have access to loans, as they are regarded as “high risk borrowers” because of low income.

With the received credit, Amiran will cultivate more land, and sow maize and haricot there. Specifically, with the loaned amount, he will rent a tractor for tilling the land, and purchase seeds for sowing. He will work hard on the plot during summer period to get a good harvest in early fall.

Amiran will sell the harvested maize on the local open market. As a result of the Kiva loan, the family will get additional income and will use it for renovating the house, which is old and damaged.

Loan details

Lenders and lending teams

Loan details