A loan of $4,000 helped to purchase calves to raise and sell.


Rapik's story

Rapik, 28 years old, lives with his wife and parents in Dmanisi District. His parents receive a retirement pension. Rapik requested loans from local financial institutions several times to start a new family business, but without success. His requests were consistently rejected due to low income and the family’s poor living conditions.



The only source of income for the family is their agricultural activities. They sell sheep locally and currently have a flock of 35. They also grow potatoes and maize on a plot of land they own, selling them locally at a good price.



Rapik requested a loan from Credo to start a family business that entails purchasing calves to raise and eventually sell. This will improve both the income and living conditions of the family His loan request was approved in the frames of a new joint initiative of Kiva and Credo. The Start-up loan program envisages provision of business startup 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.



Loan details


Lenders and lending teams



Loan details