A loan of $1,225 helped to start up a greenhouse business.


Irakli's story

Irakli, age 31, is a farmer. He lives in a village in the Baghdati district with his parents, wife and an infant daughter. Irakli keeps busy running the family's small-scale agricultural business. He owns a vineyard and sells the harvested grapes seasonally. Also, he has five bee hives with bee colonies and the honey produced is sold locally. Besides this, Irakli’s father works as a builder and earns a small monthly income.

Irakli has requested credit for the purpose of building a greenhouse. The new business will be an additional source of income for the family, which will allow them to combat the poverty in which they live. Irakli’s loan request was approved within the framework of a new joint initiative between Kiva and Credo. This start-up loan program offers business start-up capital and re-startup credit with generous lending conditions to country rural poor, who often do not have access to credit as they are regarded as “high risk borrowers” because of their low income.

With the received credit, Irakli will purchase materials for the greenhouse construction (iron pillars and polyethylene covering) and will then construct the greenhouse, where mushrooms will be grown throughout the year. Irakli will work in the greenhouse himself. He will sell the harvested products at the local open market. The income of the family will significantly increase and they will be able to improve their living conditions.



Loan details


Lenders and lending teams



Loan details