A loan of $675 helped purchase calves to raise and sell.


Shota's story

Shota is 33 years old and is married. He lives with his wife in the small village of Telavi District. Shota works as an agricultural worker in the village and he has a wood-cutting machine that he uses to harvest wood. He brings timber from the forest using his own horse and sells it in the community. Shota's business barely provides enough food for the family. He 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.

Shota is requesting a from Credo to start up a business and purchase calves to raise and sell. 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 Shota's family the chance to significantly improve their living conditions.



Loan details


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Loan details