A loan of $3,000 helped to purchase milk cows and feed for them.


Bakir's story

Bakir is 54 years old. He lives in a small village in Bolnisi District. Bakir lives with his family; his wife and grown son. Bakir works as a security guard locally and gets a monthly income. Also, the family grows maize and potatoes on the family-owned land. All family members work hard, but the income is not enough for the three-member family. Bakir requested credit to start a dairy farm. His loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program envisions provisioning business start-ups and re-startups with credit with soft conditions. These would be made available to the country's 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, Bakir will purchase three milk cows and feed for them. He will place them in the old cattle-shed located in his yard. He will produce cheese and sell the cheese on the local open market. The income for the family will significantly increase and the living conditions for the family will improve. Bakir will have enough income to access regular credit products available on the country’s capital market, in case of need.



Loan details


Lenders and lending teams



Loan details