A loan of $250 helped to purchase chicks, to raise and resell at a higher price.


Dimitri's story

Dimitri is 33 years old. He lives in the small village of Zestaponi District with his wife, two children, and parents. Several times, Dimitri requested 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 his family’s poor living conditions.

Dimitri works as a guard at local private company and gets a monthly income. In addition, the family has a dairy business. In particular, they have two milk cows and they produce cheese products to sell at local markets. The income is too small and is hardly enough for food for the family. According to Credo estimations, the family belongs to the 'subsistence poor' category.

Dimitri requested a loan from Credo to start-up a family business. His loan request was approved in the framework of a 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 for 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, Dimitri will purchase chicks, raise them, and then resell them at a higher price. This will 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


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Loan details