Funded

Total loan: $1,225
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Aigun

Georgia
Kazlari, Georgia / Livestock

A loan of $1,225 helped to purchase sheep for her new livestock business.


Aigun's story

Aigun is 30 years old. She lives in a small village in Sagarejo District with her husband and two children. Aigun requested a loan from local financial institutions several times for a family business startup, but without any success. Her loan request was rejected all the time because of her low income and her family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have 15 hens and 6 turkeys. In addition, her husband works as an artisan and gets a monthly income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Aigun requested a loan from Credo to start a family business. Her loan request was approved in the frame of a new joint initiative between Kiva and Credo. The Start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country 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, Aigun will purchase sheep. After purchasing the sheep, she will be able to expand her livestock and 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

Loan length:

15 months
Repayment schedule: Irregularly
Disbursed date: January 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

15 months
Repayment schedule: Irregularly
Disbursed date: January 31, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo