A loan of $1,500 helped to purchase building materials and build a greenhouse.


Bejan's story

Bejan is 27 years old. He lives in Baghdati District with wife, mother, brother, sister and an infant daughter. Bejan requested loans from local financial institutions several times for a family business start-up, but he had no success. His loan request was rejected every time because of his low income and the family’s poor living conditions.

The source of the income for the family is from agricultural activities. In particular, they have a milk cow, 2 buffalos and a hectare of agricultural land, where maize is grown. Besides, Bejan owns a vineyard, where 700 wine trees are grown. It is hardly enough to pay for food for the family. According to Credo's estimations, the family belongs to the subsistence poor category.

Bejan requested loan from Credo to start up a family business. His loan request was approved in the frame of new joint initiative of Kiva and Credo. This 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 credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Bejan will purchase building materials. After purchasing building materials, he plans to build a greenhouse. He will sow cucumbers there and sell them locally at a good price. This will increase the income of the family. The new business initiative financed with the Kiva start-up loan will significantly improve the living conditions of the family.



Loan details


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Loan details