A loan of $1,275 helped to build a hen-shed.

Levan's story

Levan is 20 years old. He lives in the small village of Khoni District with his grandmother, who is provided with a retirement pension. Levan requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected every time because of his low income and his family’s poor living conditions.

The only source of income for his family is from agricultural activities. In particular, they have a milk cow and a calf, whose milk is used in cheese production. Besides this, Levan owns half a hectare of land, where maize is grown. They sell cheese and maize locally at a good price. According to Credo estimations, the family belongs to the subsistence poor category.

Levan requested a loan from Credo for a family business start-up. His loan request was approved in the frames of a new joint initiative between Kiva and Credo. Start-up loan program envisages 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. With the received credit Levan will build a shed for hens. After the shed is built he will be able expand his livestock. This will increase his family's income. This new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of his family.

Loan details

Lenders and lending teams

Loan details