A loan of $1,825 helped to start a poultry farm.


Ramin's story

Ramin is 59 years old. He is married and lives in the Martvili District with his wife and 12 year old son. Ramin requested loan from local financial institutions several times for family business start-up, but without any success. His loan request was rejected because of low income and family’s poor living conditions.
Ramin is involved in agricultural activities. In particular, he has 2 milk cows and a pig. Besides, he has 500 nut trees and a vineyard with 200 vine trees. It is hardly enough to provide food for the family. According to Credo estimations the family belongs to the subsistence poor category.
Ramin 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 provisions 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 Ramin 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


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Loan details