A loan of $1,225 helped to purchase building materials and construct a greenhouse.

Sulkhan's story

Sulkhan, age 53, is a farmer. He lives in a village in the Tskaltubo district with his wife, 20-year-old daughter and a mother who is provided with a retirement pension. Sulkhan keeps busy running the family's small-scale agricultural business. He owns a vineyard and produces wine with the harvested grapes. Also, he runs a dairy farm with four milk cows, whose milk is used in cheese products. The cheese is sold at the local open market.

Sulkhan 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.

Sulkhan’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 the country's 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, Sulkhan will purchase materials for the greenhouse construction (iron pillars and polyethylene covering) and will then construct the greenhouse, where tomatoes and greens will be grown throughout the year. Sulkhan 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