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


Maka's story

Maka is 23 years old. She lives in Lagodekhi District with her 26-year-old husband, Abram, and an infant child, Nikoloz (3 years old). Maka 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 the small monthly salary of Abram. He is an artisan. Abram gets private orders on renovations to paint walls and spread the floor. Maka 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-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. With the received credit, Maka will purchase a milk cow. She will milk the cow to make dairy products to sell locally at the markets. This will increase the family income, and Maka will be able to provide better living conditions for her husband and child.



Loan details


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Loan details