A loan of $1,500 helped to purchase calves and expand the cattle herd.


Sandro's story

Sandro is 27 years old. He lives with his parents and sister in Telavi District. Several times, Sandro requested a loan from local financial institutions for a family business start-up, but without any success. His loan request was rejected each time because of low income and the family’s poor living conditions. The only source of the income for the family is from agricultural activities. In particular, they have seven milk cows and 11 calves. They produce dairy products to sell locally in an open market, at a good price. Sometimes, they slaughter a cow and sell the meat. But, the income is too small and it is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category. Sandro's loan request was approved in the framework of new joint initiative between 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, who do not have access to credit products, being regarded as 'high risk borrowers' because of low income. With the received credit, Sandro will purchase calves. After purchasing additional calves, he will be able to expand the cattle herd and increase the income of the family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


Lenders and lending teams



Loan details