A loan of $625 helped to purchase a milk cow.

Darejan's story

Darejan is 29 years old. She lives in Martvili District with her husband, son, and mother-in-law. Darejan requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected every time, because of her low income and her family’s poor living conditions.

The only source of the income for the family is from agricultural activities. In particular, they have a plot of agricultural land where nut trees grow. They sell the nuts locally at a good price. It is hardly enough food for the family. According to Credo's estimations, the family belongs to the subsistence poor category.

Darejan requested a loan from Credo to start up a family business. Her loan request was approved in the frame of new joint initiative of Kiva and Credo. The start-up loan program provides business start-up and restart-up 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 loan, Darejan will purchase a milk cow. After purchasing a milk cow, she will be able to produce cheese products and sell them locally. This will increase the family's income. The new business initiative, financed with this Kiva start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details