A loan of $725 helped to purchase a milking cow.


Nato's story

Nato is 34 years old and from a small village of Sachkhere district. She is married and lives with her husband, two sons (6 and 8 years old) and father-in-law, who is provided with a retirement pension.

Nato 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 the income for the family is from agricultural activities. In particular, they have a vineyard with 600 samples of grape vines. They harvest the grapes and produce vodka for selling locally at a good price. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Nato requested a loan from Credo to start up a 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 provision of business start-up and re-start-up credits with soft conditions to the country’s rural poor. These rural poor do not have access to credit products, being regarded as “high risk borrowers” because of low income.

With the received credit, Nato will purchase a milking cow. After purchasing a milking cow, Nato will produce dairy products. She will sell the dairy products at local markets, which 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