A loan of $650 helped to purchase a milk cow.

Nato's story

Nato is 49 years old. She lives in the Baghdati District with her husband and two children, who both go to school. Her husband has chronic health problems and receives a small pension from the local government.

Nato has requested loans from local financial institutions several times, without success, to start a family business. Her loan requests have been rejected because of her low income and her family’s poor living conditions.

The family owns a plot of land where they grow grapes to make wine. They also grow corn, and harvested products are sold locally at the markets. According to Credo estimations, the family belongs to the subsistence poor category.

Nato has requested a loan from Credo to purchase a milk cow. Her loan request has been approved under a new joint initiative of Kiva and Credo. This loan program will provide startup and re-startup credit with “soft conditions” to the county rural poor. People in this group do not have access to credit and are regarded as high-risk borrowers because of their low income.

With credit to buy a milk cow, Nato will make dairy products, which will be sold locally at the markets. She will reinvest the profit in the same business and increase her livestock. This new business initiative, financed with a Kiva startup loan, will significantly improve the family’s living conditions and enable Nato to provide her children with an education.

Loan details

Lenders and lending teams

Loan details