A loan of $200 helped to purchase materials for horseshoes and to set up a grain mill.


Marine's story

Marine is from the village of Kianeti. She is married and lives with her family: her husband and 20-year-old son. The family owns a donkey and a milk cow. Marine milks it twice a day and produces cheese, which is sold at the local open market. In addition, her husband produces horseshoes and locally sells them.

Several times, Marine requested a loan from local financial institutions for her agricultural business start-up, but without any success. Her loan request was rejected each time because of her low income and family’s poor living conditions.

Her current loan request was approved because of the new joint initiative of 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 since they are regarded as “high risk borrowers” because of low income.

With the received credit, Marine will purchase materials for horseshoes. Her husband will produce them and sell at a good price. Another part of the credit will be used for setting up a grain mill. Her mill will serve the local farmers and crush the grains. As a result of the Kiva loan, the family will get additional income and will use it for improving the living conditions.



Loan details


Lenders and lending teams



Loan details