A loan of $1,525 helped to buy pigs to sell.

Besik's story

Besik is 28 years old and lives in the Gori District with his wife and 3 children. Besik requested a loan from the local financial institutions several times, for a start-up business, without any success. His loan requests were rejected because of low income and the family’s poor living conditions.

Nowadays the family has no source of income. According to Credo estimates, the family belongs to the ‘subsistence poor’ category. Besik requested a loan from Credo to start a family business. His loan request was approved as part of a joint initiative between Kiva and Credo. The start-up loan program envisages the provision of credit to country rural poor with soft conditions, as they are considered “high risk borrowers” and do not have access to credit products.

With this loan, Besik will purchase pigs to resell at a higher price in order to increase the family’s income. The new business initiative, financed with the Kiva Start-up loan, will significantly improve the living conditions of the family.

Loan details

Lenders and lending teams

Loan details