A loan of $2,425 helped to purchase calves and rose saplings.

Nina's story

Nina is 58 years old. She is married and lives with her husband and son in Gori District. Nina requested a loan from local financial institutions several times for a family business start-up, but without any success. Her loan request was rejected all the time, because of low income and the family’s poor living conditions.

The only source of income for the family is from agricultural activities. In particular, they have two milk cows, whose milk is used in cheese products. Nina milks cows and produces cheese to sell at local markets at a good price. It is hardly enough food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nina requested a loan from Credo to start up the family business. Her loan request was approved in the framework of a new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to the country's rural poor. They do not have access to credit products, as they are regarded as “high risk borrowers” because of low income.

With the received credit Nina will purchase calves. After purchasing calves, she will raise them and increase cheese production in future. With another part of the loan she plans to buy rose saplings. She will plant rose saplings and sell the grown ones. This will be an additional source of income for the family, and they will be able to improve their living conditions.

Loan details

Lenders and lending teams

Loan details