A loan of $925 helped to purchase a milk cow.

Tinatin's story

Tinatin is a 62-year-old retired woman. She lives in the Gori District with her 61-year-old husband. Tinatin has requested a loan from local financial institutions several times for a family business start-up, without success. Her loan request was rejected every time, because of low income and the family’s poor living conditions.

The family owns an agricultural plot of land where they grow maize, nuts, plums, tomatoes, and apples. The harvested fruits and vegetables are sold locally at the markets, providing a small income for living.

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

With the received credit, Tinatin will purchase a milk cow. She will milk the cow to make dairy and milk products which will be sold locally at the markets and significantly grow the family income.

In the future, Tinatin wants to reinvest profit in the same business to purchase more cows and develop her farming. This loan will give Tinatin and her husband a chance for better living conditions.

Loan details

Lenders and lending teams

Loan details