A loan of $5,000 helped to purchase a car to start selling pig feed.

Valerian's story

Valerian is 54 years old. He lives in Balichi village, Bolnisi district with his wife Leila. Valerian requested a loan from 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.

His family has 20 pigs and they sell piglets. In addition, they own a plot of land. Valerian cultivates the land and plants maize. Harvested maize and piglets are sold locally at the markets and the family gets a small monthly income.

Valerian requested a loan from Credo to start a family business. His loan request was approved in the frame of a new joint initiative of Kiva and Credo. The start-up loan program envisages provision of business start-up and re-startup credits with soft conditions to country rural poor who do not have access to credit products, being regarded as “high risk borrowers” because of their low income. With the received credit, Valerian will purchase a car. He wants to start selling pig feed. He will purchase it at the wholesale price and resell it with a price mark up. Breading pigs is very developed in his district so Valerian hopes the feed for pigs will be highly requested by his villagers. This will increase his income and Valerian will be able to provide better living conditions for him and his wife.

Loan details

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Loan details