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


Lamara's story

Lamara is 58 years old. She lives in the small village of the Martvili district with her 36-year-old son.

Lamara 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 her low income and the family’s poor living conditions.

The family is involved in agricultural activities. In particular, they have a pig and 1.6 hectares of agricultural land, where 100 nut trees are grown. Besides, her son works as an artisan and gets a small income. It is hardly enough for food for the family. According to Credo estimations, the family belongs to the subsistence poor category.

Lamara requested a loan from Credo to start a family business. Her loan request was approved in the frames of 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's rural poor, who do not have access to credit products, being regarded as “high risk borrowers” because of their low incomes. With the received credit, Lamara will purchase a milking cow. After purchasing the cow, she will be able to produce dairy products for selling. 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


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Loan details