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


Vladimer's story

Vladimer is 42 years old. He lives with his daughter and parents-in-law in Gardabani District. Vladimer has requested a loan from local financial institutions several times 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.

Vladimer works as a distributor in a private company and gets a monthly income. It consists of 400 GEL per month and it is hardly enough for food for the family. According to Credo estimations the family belongs to the subsistence poor category.

Vladimer has requested a loan from Credo to start up a family business. His loan request was approved under the 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 country rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Vladimer 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