A loan of $2,500 helped to purchase 30 sheep.


Imeda's story

Imeda is 32 years old. He lives with his mother, in a small village in Tsageri District. Imeda requested a loan from local financial institutions several times for a family business start-up, but without any success. His loan request was rejected each time, because of low income and the family’s poor living conditions. The only source of income for the family is their agricultural activities. In particular, they have two milking cows, whose milk is used in cheese production, and two pigs. In addition, they have a hectare of agricultural land, where they cultivate potatoes. They can hardly afford enough food for the family. According to Credo estimations the family belongs to the subsistence poor category. Recently, Imeda requested a loan from Credo to start up 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 restart-up credits, with soft conditions, to rural poor people, who do not have access to regular credit products, being regarded as “high risk borrowers” because of low income. With the received credit, Imeda will purchase 30 sheep. After purchasing the sheep, he will be able to expand his livestock business and 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