A loan of $1,500 helped to cultivate the land and purchase fertilizers and potato seeds.


Liova's story

Liova comes from the Akhalkalaki district. He is married and lives with his wife and 28-year-old son. Liova requested a loan from some local financial institutions several times for a family business start-up, but without any success. His loan request was rejected all the time, because of his low income and his family’s poor living conditions.

Liova is a welder. He gets orders and produces different kinds of iron products such as iron doors and ovens. The income from this business is not stable, and it is hardly enough to provide food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Liova requested a loan from Credo to start up a family business. His loan request was approved in the frames of new joint initiative between 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, which do not have access to credit products, being regarded as “high-risk borrowers” because of their low income. With the received credit Liova will cultivate a plot of agricultural land, and he will buy fertilizers and potato seeds. After the land is cultivated and fertilized, he will grow potatoes to sell. This 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


Lenders and lending teams



Loan details