A loan of $2,425 helped to purchase calves, raise them, and then resell.


Khvicha's story

Khvicha is 36 years old. He is married and lives with his wife in Kvareli District. Khvicha requested a loan for the family business start-up from local financial institutions several times but without any success. His loan requests were rejected each time because of low income and the family’s poor living conditions. Khvicha is involved in agricultural activities. In particular, he has a vineyard. Besides the agricultural work, he trades in fruits and vegetables with his own minibus. He is able to earn 500 Laris (GEL) per month. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category. Khvicha requested a loan from Credo to start his family business. His loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and restart-up 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 credit received, Khvicha will purchase calves, raise them, and then resell them at a higher price. This will increase the income of the family. The new business initiative, financed with this Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details