A loan of $500 helped to purchase calves.

Tea's story

Tea is 30 years old. She lives in the Gurjaani District with her husband, Jumber, and four children, ages 2, 6, 8 and 12.

Tea requested a loan from local financial institutions several times for her agricultural business start-up, without any success. Her loan request was rejected every time because of low income and the family’s poor living conditions. According to government estimates, the family belongs to the vulnerable poor category, and they get monthly social assistance.

The family grows strawberries on the family-owned land, and the harvested products are sold at the local open market. In addition, Tea and Jumber are daily workers in local farmers’ fields.

Tea requested a loan from Credo to start livestock farming. Her loan request was approved in the framework of the new joint initiative between Kiva and Credo. The start-up loan program facilitates business start-ups and re-startups with credits with soft conditions for the country's rural poor, which do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the loan, Tea will purchase calves. She will raise them and sell them after several months. Grown calves will be sold for a good price, bringing additional income to the family. For the next cycle, Tea will purchase more calves.

The new business initiative, financed with the Kiva start-up loan, will significantly increase the income of the family. Their income will double, and the family members will be able to improve their living conditions.

Loan details

Lenders and lending teams

Loan details