A loan of $625 helped to purchase a milk cow and start up a dairy farm.

Leila's story

Leila is 62 years old. She lives in the Gurjaani District with her husband and 25-year-old son.

Leila requested loans from local financial institutions several times for an agricultural start-up business, without any success. Her loan request was rejected each time due to low income and the family’s poor living conditions. The only sources of income for the family are the retirement pensions of Leila and her husband and a seasonal income from the family-owned vineyard. It is hardly enough to feed a three-member family.

According to Credo estimates, the family belongs in the vulnerable poor category. Leila requested a loan from Credo to start up a dairy farm. Her loan request was approved in the framework of a new joint initiative between Kiva and Credo. The start-up loan program provides for business start-ups, and re-startups. It has credits with soft conditions for the country's rural poor, who do not have access to credit products because they are regarded as “high risk borrowers” due to low income.

With the received credit, Leila will purchase a milk cow. She will place it in an old, empty farm building located in the yard. Leila will work hard on the farm. She will produce cheese and sell it in the village. 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