A loan of $1,225 helped to purchase a milk cow and cultivate the agricultural land.


Iamze's story

Iamze is 47 years old. She is married and lives in Kareli District with her husband, Grigol, and two children, who go to school. Iamze requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of her low income and the family’s poor living conditions. The only source of the income for the family is from agricultural activities. In particular, they have a hectare of agricultural land, where haricot nut trees and cherry trees are grown. Besides thhis, 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. Iamze requested a loan from Credo to start up a family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup 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 low income. With the received credit, Iamze will purchase a milk cow. After purchasing a milk cow, she plans to produce dairy products and increase the income of the family. A small part of the loan will be used to cultivate the land for sowing seeds. 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