A loan of $1,525 helped purchase iron pillars and polyethylene coverings to build a greenhouse.

Nugzar's story

Nugzar is 35 years old and is married with two children, both of whom attend school. He lives in the suburb of Tbilisi city with his wife and family. Nugzar works as an artisan on construction projects for private contracts and his family also has a small plot of land that they cultivate. This business is looked after by Nugzar's wife who sells the harvest locally for a small monthly income. Nugzar has requested loans from local financial institutions several times to start up a family business, but his loan requests were rejected all the time because of his low income and the family’s poor living conditions. According to Credo estimates, the family belongs to the subsistence poor category.

Nugzar is requesting a loan from Credo to start up a greenhouse business and purchase iron pillars and polyethylene coverings to build a greenhouse and cultivate vegetables to sell in Tbilisi markets. His loan request was approved under the framework of a new joint initiative of Kiva and Credo that envisages the provision of business start-up and re-startup credits with soft conditions to the rural poor who do not have access to credit products as they are regarded as “high risk borrowers” due to low income. His new business, financed with his Kiva start-up loan, will give Nugzar's family the chance to improve their living conditions.

Loan details

Lenders and lending teams

Loan details