Funded

Total loan: $5,000
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Apalon

Georgia
Tamakoni, Georgia / Poultry

A loan of $5,000 helped to start a poultry farm.


Apalon's story

Apalon is 56 years old. He is married and lives in the Martvili District with his wife and 12 year old son. Apalon requested loans from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected because of low income and the family’s poor living conditions. Apalon is involved in agricultural activities. In particular, he has 2 new tractors, which are used for tilling the agricultural land. Apalon rents his tractors to his villagers and earns income. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category. Apalon requested a loan from Credo to start-up a family business. His loan request was approved in the frames of 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, which do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit Apalon will purchase chickens to start a poultry farm. He will place the chickens in a shed located in their yard. He will raise them and sell them for a higher price. The new business initiative, financed with the Kiva start-up loan will significantly improve the living conditions of the family.



Loan details

Loan length:

10 months
Disbursed date: February 13, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: February 13, 2013
Facilitated by Field Partner: LLC Micro Finance Organization Credo