A loan of $1,825 helped to purchase chicks and chicken food.


Avtandil's story

Avtandil is 57 years old. He lives in Terjola District with his 55-year-old wife, Maro. Avtandil requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan requests were rejected all the time because of low income and the family’s poor living conditions.

Avtandil and his wife are farmers; they have 22 pigs, and they are selling piglets at the local markets. Also, they own a vineyard, and with the harvested grapes, he makes wine and vodka and sells it locally at the markets, which gives them a small monthly income. According to Credo estimations, the family belongs to the subsistence poor category.

Avtandil requested a loan from Credo to start up a 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 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, Avtandil will start a poultry business. In particular, he will purchase chicks and chicken food. He already has a coop where he plans to keep them. After the chicks are grown, Avtandil will sell eggs and chicken. This will increase the income of the family, and he will reinvest the profit in his agricultural business. 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