A loan of $1,225 helped to purchase calves.


Nargizi's story

Nargizi is 35 years old. She lives in Mtskheta District with her husband and 2 children. Nargizi requested a loan from the local financial institutions several times, for the family business start-up, but without any success. Her loan request was rejected all the time, because of low income and her family’s poor living conditions. The only source of the income for the family is Nargizi’s salary working as a teacher at a local school. She makes totally 320 Laris per month. It is hardly enough for food for the family. According to Credo estimations the family belongs to the poor subsistence category. Nargizi requested a loan from Credo to start-up the family business. Her loan request was approved by the new joint initiative of Kiva and Credo. The start-up loan program provides start-up and re-startup credits with soft conditions to country rural poor, which do not have access to credit products, and are regarded as “high risk borrowers” because of low income. With the received credit Nargizi will purchase calves. After purchasing calves they will raise them and produce dairy products. 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